The Manheim Used Vehicle Value Index hit a record high of 203, and likely won't reach into the 200s again for several years.
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Cox Automotive Commentary: The third quarter will be the industry’s toughest in 2021, and our analysts are forecasting second-half sales to finish below first half.
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Demand has been healthy, inventories tight, and dealers have felt little pressure to lower prices.
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The pace of price increases sprinted through May, closing the month nearly 25% higher than the same period in 2020 and 2019.
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Commentary: A deluge in demand and a drought in supply are roiling the market.
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Wholesale used-vehicle prices increased 3.74% in the first 15 days of March compared to the previous month.
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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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Volume-weighted, overall car and truck segments both experienced continued softening in values to round out the last full week of 2020, but are higher than seasonal averages of the previous three years.
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Volume-weighted, overall car and truck segments both experienced continued softening in values, decreasing by 0.38%. However, these overall values are slightly higher than seasonal norms of the last three years, which averaged around -0.75% between 2017 - 2019.
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Volume-weighted, overall car and truck segments both experienced continued softening in values, with the overall market decreasing by 0.60% this past week.
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