After declining in October, wholesale used vehicle prices slightly increased in November. The Manheim Used Vehicle Index now stands at 122.4, a decline of 0.2% from its year-ago level.
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October average wholesale prices partially reversed declines seen in previous months, registering an increase versus September.
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After increasing the last four months, wholesale used vehicle prices declined in October. The Manheim Index now stands at 122.3, an increase of only 0.3% from its year-ago level.
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Five used-car segments have resumed price declines after a strong Spring buying season, which is typically strong when shoppers purchase used vehicles with tax rebate money.
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Black Book’s Ricky Beggs, editorial director for the publication, presented his commentary for the week ending May 3. According to Beggs, several survey reports mentioned a lower level of excitement in the auction lanes, and another report described lane activity as “wait and see.”
Read More →Spurred by seasonal buying habits from shoppers leveraging anticipated tax returns, the used-car markets saw some price increases during February.
Read More →At the National Automobile Dealers Association (NADA) Convention and Expo in Orlando, Jonathan Banks, executive automotive analyst with the NADA Used Car Guide, outlined five key factors, from Fed policy to a used-vehicle supply increase.
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GAINESVILLE, GA - According to several of the market summary reports from the Black Book survey personnel, the current heat wave is being blamed, or credited, with the continuing softer market values for the auto sector of the market.
Read More →GAINESVILLE, GA - According to the recent Beggs on the Market report, overall, cars declined an average of $13 per segment type, which translates to a meager -0.1% decline.
Read More →ATLANTA - Auto Auction Services Corp. (AutoIMS) released the results of a survey it conducted about floor pricing, including aggregate findings from more than 325 commercial vehicle consignor responses.
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