Used-Vehicle Sales Increase Offsets New-Car Volume Decline

Used-vehicle sales picked up the slack as new-car volume slipped in April, according to fresh data from Cox Automotive. Used-vehicle sales volume increased 3% year over year, while new-vehicle sales fell 1.7%, even with one more selling day than April 2018, according to Cox Automotive’s monthly Manheim Used Vehicle Value Index report. The April SAAR […]

• Bianca Chan
• May 8, 2019
• Archives, Sales & Marketing, Strategy

Used-Vehicle Prices Will Climb as Inventory Dwindles, Manheim Says

Wholesale used-vehicle prices increased 3.2% in February, bringing the Manheim Used Vehicle Value Index up to 135.2. In addition, more-affordable vehicles, such as mid-sized cars, led the way in value appreciation — a continuation of a 2018 trend. Used-vehicle sales volume was also on the rise year over year, at a rate of 2%. Manheim […]

• Joey Pizzolato
• March 8, 2019
• Sales & Marketing, Strategy

Used-Vehicle Values Will Climb in 2019 If Tariff Threat, Rate Hikes Persist 

December auction prices increased 4.3% year over year, bringing the Manheim Used Vehicle Value Index to 137.6, the company announced last week. “Three-year-old vehicles ended the month worth 2% more than they would normally have been worth had typical depreciation occurred instead of the abnormal appreciation observed this summer,” said Manheim Chief Economist Jonathan Smoke. Two main factors that […]

• Nicole Casperson
• January 17, 2019
• Sales & Marketing, Strategy, Update

2019 Survival Guide: How Lenders Are Planning for the Year Ahead

From the January issue: 2018 was a strong year for auto finance as delinquency rates dropped, the economy grew, and consumer demand remained high. However, the new year finds lenders and analysts bracing for an economic slowdown. But that’s not the only worry. New-car purchases are lagging, according to Manheim’s November data, which has new-vehicle sales […]

• Nicole Casperson
• January 4, 2019
• Archives, Compliance, Credit Performance, Features, Innovation & Mobility, Risk, Strategy, Technology

Used-Car Values: How Lenders Manage Unexpected Appreciation

Roughly two years ago, the automotive market and the economy were heading for a peak year where lenders were aggressive, competition was stiff, and the economic environment was gaining strength. Since then, lenders have taken their foot off the gas, the economy has stabilized, and lenders have operated business as usual — while used-car values […]

• Nicole Casperson
• October 25, 2018
• Features, Operations, Risk, Strategy

Manheim Adds White Glove Concierge Service to App as Part of $100 Million Investment

Auto auction Manheim is investing $100 million through 2019 to bolster the capabilities of its digital services and apps, the company announced this week. Coinciding with the announcement is the enhanced launch of Manheim Express, a mobile marketplace for wholesale vehicle buyers and sellers. Enhancements will include “full-service concierge service” for app users. Users will […]

• Monica Melton
• October 10, 2018
• Innovation & Mobility, Operations, Strategy, Technology

Record High Price Trend in Used-Vehicle Market Set to Cool This Fall

The wholesale market saw an unusual uptick in the price of vehicles this past quarter. Manheim documented an abnormal appreciation trend starting in June and running through September. Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.14% month-over-month in September, according to Manheim. This represents a record high and brought the […]

• Monica Melton
• October 8, 2018
• Operations, Strategy

Used Vehicle Values Experience ‘Abnormal’ Appreciation, Manheim Says

Wholesale used vehicle prices increased 6.4% despite an expected depreciation, bringing the Manheim Used Vehicle Value Index up to 139.7 — the highest index level seen in the series’ over 20-year long history, Manheim announced Monday morning. Two main factors are contributing to the “abnormal” price appreciation, Manheim notes. First, it is a function of […]

• Nicole Casperson
• September 10, 2018
• Operations, Strategy