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 seasonally adjusted annual rate (SAAR) of sales declined to 35.7 million, down from 40.9 million in September 2020.
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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 third-party battery health diagnostic tool will strive to become the industry standard to assess the condition and value of EV batteries.
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The IARA Summer Roundtable conference balanced a look back at successes while confronting industry challenges ahead.
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KAR expects to be immediately profitable across its North American dealer-to-dealer platforms while enhancing its position in the highly fragmented wholesale used vehicle market.
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The average listing price reached $25,500 as July closed, after surpassing the $25,000 mark for the first time ever in June.
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The mid-month Manheim Used Vehicle Value Index is still up 18% year over year.
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Near-record low new-vehicle inventory and record-high prices will keep certified pre-owned units as very attractive alternatives.
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The latest trends in key indicators suggest wholesale used vehicle values will continue to see depreciation in the days ahead.
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