With Canadian membership its fastest growing segment, the IARA wanted to give credence to the “International” part of its name by holding its first Roundtable Conference outside the U.S.
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Wholesale used vehicle prices declined 1% in November, continuing the downward trend that was 0.7% last month, according to Manheim's Used Vehicle Value Index.
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Trucks depreciated higher than cars for the first time this year, with truck values decreasing 0.68% on a volume-weighted basis while overall car values decreased by 0.56%.
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Depreciation for used cars and trucks saw a slight uptick during the week of Nov. 11, which may have been the result of Thanksgiving shopping activity. Sub-compact crossovers had the highest wholesale values for both car and truck segments by staying flat.
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Today, the NADA Used Car Guide issued a report that examines retention performance for 33 all-new or redesigned mainstream and luxury models. Leading the list were the 2016 Toyota Tacoma, Honda Pilot and new Volvo XC90.
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Vehicle segments across the board have seen an overall increase in depreciation, with the exception of compact vans which were flat for the week of Nov. 11 after having seen the lowest mark overall the week prior with a drop of 2.18%.
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Wholesale prices for vehicles up to eight years in age fell 3.6% in October, which is typically one of the softest months of the year in terms of used-vehicle prices, according to the NADA Used Car Guide. However, the decline was slightly more this October than the previous three-year average decline of 3.3% for the period.
Read More →Wholesale used-vehicle prices in October averaged $10,499, a decline from September but a 3% increase on a year-over-year basis.
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Continuing last weeks trend, the depreciation rate for car and truck segments slowed down during the week of Nov. 4, and prestige luxury cars continued to lead cars with the lowest wholesale values of the segment. New to this week, however, were compact vans showing the lowest wholesale values across both segments with a 2.18% drop, which had rested at 0% the previous week.
Read More →Wholesale used-vehicle prices declined in October 0.7% and non-seasonally adjusted prices declined 2%, showing a downward trend for all vehicle segments in recent months.
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