Auction Sales Rise in 2016; Wholsale Prices Shy of 2011 High
Some highlights from the 2016 report include NAAA-member auction sales rose an estimated 6.3 percent to 9.3 million units in 2015. Additionally, wholesale vehicle prices were just 1.2-percent short of a 2011 high.
by Staff
February 11, 2016
WEBB
2 min to read
Wholesale and retail volumes and prices increased and the rental industry revenue set a record at $27.1 billion. These and other trends are explored in depth in Manheim’s 21st annual Used Car Market Report.
WEBB
“Whether you’re measuring unit sales, revenues, operating efficiency, or profits; whether you’re focused on retail or wholesale; or whether you’re interested in new or used, it was another good year for the automotive industry,” said Cox Automotive Chief Economist Tom Webb in the report’s Year in Review chapter. “All indications are that the good times will continue to roll awhile longer.”
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Key to that success will be the continued rollout of products and services that increase speed and efficiency, a theme explored throughout the report and emphasized by Manheim North America President Janet Barnard in her introductory letter.
“As we look ahead to 2016 and beyond,” she said, “Manheim will strive to create greater levels of efficiency, enhance the client experience, and partner with clients for success. We recognize that efficiency is the new currency for our business. It is critical, especially in light of client demand for speed and delivery, to support their profitability and future growth.”
As usual, the report provides a comprehensive look at multiple segments of the automotive industry, along with a series of brief case studies and interviews with key industry players. Among the highlights include those noted for the remarketing industry and the fleet market:
Remarketing Industry
NAAA-member auction sales rose an estimated 6.3 percent to 9.3 million units in 2015.
Wholesale vehicle prices were just 1.21.2-percent short of a 2011 high.
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Fleet
New vehicles purchased by commercial fleets grew by more than 2 percent in 2015 to 629,000 units.
While government fleets declined slightly, commercial fleets should continue to grow as a result of higher employment levels.
The 2026 Conference of Automotive Remarketing convened with a mandate to involve a new constituency — fleet managers — and an updated mission to demonstrate unrealized value in de-fleeted vehicles.
From a Wall Street analyst's take on remarketing's key players to whether fleets need their own version of Carfax, CAR 2026's afternoon roundtables will answer key operational and industry questions.
The enhanced technology allows rental car operations, dealerships, and auctions to compare a vehicle’s condition at pickup and drop-off within the same rental or loaner record.
A panel at the 2026 Conference of Automotive Remarketing will examine how resale value is created across the vehicle lifecycle and which traditional remarketing practices still deliver ROI.
Smart operational and spec'ing decisions can dramatically improve both the total cost of ownership during use and the resale value when it's time to remarket day cabs.
How can vehicle-sourced performance data change the way fleets assess condition, time de-fleets, and set remarketing expectations? A seminar at the 2026 Conference of Automotive Remarketing (CAR) has answers.
