After including dealer and manufacturer fleet sales, the total fleet share of all sales was 14%, up 2% from April 2021's fleet share.
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On a month-over-month basis, all major segments saw seasonally adjusted price declines, with pickups declining the most.
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Combined sales into large rental, commercial, and government buyers were down 30% year over year in February. Sales into rental were down 52% YOY.
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Manheim Forecast: Tax refunds and a supply-constrained market will likely lead to another round of price increases in the first half of 2022
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October figures show buyers are much more aggressive in purchasing than is typically the case in the fall. Combined sales into large rental, commercial, and government buyers were down 24% year-over-year in October.
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Manheim Market Report (MMR) prices saw strong gains through the first two full weeks of October. The latest trends in the key indicators suggest wholesale used vehicle values will likely see further gains in the days ahead.
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The sales conversion rate also increased last month and ended at a level higher than typical for August, indicating buyers have become more aggressive than they were in June and July.
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The mid-month Manheim Used Vehicle Value Index is still up 18% year over year.
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On a year-over-year basis, all major market segments saw seasonally adjusted price increases in July.
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Wholesale used vehicle prices jumped 3.79% month-over-month in February, led by a major increase near the month's end.
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