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Used Prices Down 1.04% in September

Jonathan Smoke, Cox Automotive’s chief economist, noted that September’s Manheim Used Vehicle...

Wholesale used vehicle prices decreased 1.04% in September compared to prices the month before, according to Cox Automotive’s latest Manheim Used Vehicle Value Index report.

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Retail Incentives Reach Record High

Incentive spending is projected to reach $4,159 (up 6% or $246), the highest level ever for the...

Incentive spending is projected to reach $4,159 (up 6% or $246), the highest level ever for the third quarter and just $28 short of the all-time quarter high set in Q4 2017.

News

Used Fleet Vehicles Fell 1.5% in August

Former fleet vehicles sold in the wholesale channel weakened in August.

Used fleet vehicles that sold at wholesale fell 1.5% to $13,603 in August from July, but remained up 1.2% when compared to the same month a year ago, according to Tom Kontos, chief economist for KAR Auction Services.

News

Used-Vehicle Prices Up 2% From 2018

In August, wholesale prices declined by 0.4% on a month-over-month basis while used-vehicle...

J.D. Power Valuation Services’ September 2019 Used Car and Light Truck Guidelines report finds the pre-owned market continues to perform well for auto dealers, registering a 2% increase in average prices from January to August compared with the same period a year ago.