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Used-vehicle values notch first YOY decline since 2017

The Manheim index of used-vehicle values posted its first year-over-year decline in 33 months, dropping 0.4% to 140.3. By comparison, the October 2018 value was 140.9.  Looking closer, most major market segments posted price declines — 3-year-old vehicles, in aggregate, fell 4% for the month. Normal price depreciation usually drops between 1.5% and 2%. Used-vehicle sales volume, […]

Used-vehicle value index hits record high

The Manheim used-vehicle value index for the month of August rose to 141.3, a year-over-year increase of 1.2% and a record high. The index was propped up by lower-than-normal depreciation. Prices for 3-year-old vehicles declined in aggregate 0.5%, under the expected average of 1%. As a result, August reflected a “much stronger” used-retail market compared […]

Wholesale used-vehicle prices climb in July

July’s used-vehicle prices on the wholesale market increased 2.6% year over year, pushing the Manheim Used-Vehicle Value Index to 140.5. Comparatively, July 2018 saw an abnormal increase in both prices and sales volume due to tariff concerns, making comparison to last year “particularly tough,” the report notes. While July usually sees a 1% decline in […]

Used-vehicle volume to plateau in next 2 years

Used-vehicle sales volume at auction is expected to plateau over the next two years, according to Manheim’s Wholesale Market Insights report released today. Volume is expected to drop to 39.2 million units by yearend 2019 — from 39.4 million last year — and then fall to 39 million in 2020, Manheim predicted. Used-car sales volume in June […]

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 […]

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 […]
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