Manheim noted that this increase in wholesale price is an abnormal for this time of year, as higher depreciation is normally expected toward the end of summer.
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Wholesale values in August experienced the biggest increase since 2011, as Black Book’s Used Vehicle Retention Index was up 1.4% month-over-month.
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Compact and mid-size cars claimed the top two spots in terms of best-performing segments for the week as values for the two segments were up 0.17% and 0.24%, respectively.
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The program is available to dealers at all 60 ADESA physical locations in the U.S., as well as to those using ADESA’s online and simulcast auction platforms DealerBlock and LiveBlock, the company noted.
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The used-vehicle market has performed exceptionally well so far in 2018, with J.D. Power Valuation Services’ Adjusted Used Vehicle Price Index reaching 119.3 through July. That’s 4.7 percentage points above year-ago levels and 4.8 points above January’s reading.
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The best-performing segment among cars was the full-size car segment. Among trucks, the best-performing segment was the small pickup segment, which was up 0.40% week-over-week.
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The three key initiatives of the investment were a permeable paving system, a water reclamation center, and site security upgrades.
Read More →ServNet Auctions saw tax season come early this year, as 2018 sales volume so far has remained strong, according to a mid-year update from Eric Autenrieth, president of ServNet.
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Overall, cars segment values decreased by 0.11%, compared to 0.2% the week before. In the truck segment, overall values decreased 0.1%, compared to 0.15% the week before.
Read More →Lane Alerts is a Manheim messaging service that sends buyers a text message in advance of a vehicle they’re interested in coming up for sale.
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