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 […]

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 […]

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 […]

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 […]

Used-Car Values Hold Up Despite Forecasted Depreciation

Analysts have predicted high depreciation rates in the used-car market for more than a year now, but those forecasts have yet to come to fruition. In July, Manheim registered its highest level ever in its used-vehicle value index — reporting values at auction are up 5.1% year over year. Black Book’s used-vehicle index uses a […]
  • William Hoffman
  • August 15, 2018
  • Risk

Used-Vehicle Prices Rise as Sales Soften, Manheim Says

Wholesale used-vehicle prices increased 4.9%, bringing the Manheim Used Vehicle Value Index up to 134.2. However, this year-over-year change is the lowest percentage seen since August 2017, Jonathan Smoke, chief economist of Cox Automotive and compiler of the Manheim Index, told Auto Finance News. Meanwhile, used-vehicle sales volume decreased 1% year over year, but the annualized […]
  • Nicole Casperson
  • June 11, 2018
  • Strategy

Carvana Adapts to High Demand with Manheim Inventory

Carvana and Manheim’s relationship has expanded further, thanks to a new partnership announced today between the two companies. The move was sparked by Carvana’s rising retail demands. As part of a new agreement, Carvana can buy and sell cars on Manheim’s auction platform. Carvana uses suppliers like Manheim — and purchases from the general public — to establish […]

Efficient Lending Could Grow Used Market 30%, Economist Says

DALLAS — Used car sales could jump to 52 million units a year, up from 40 million in 2016 — a 30% increase — if lenders and dealers are able to drive more efficiency into the lending process, Tom Webb, Manheim Consulting’s chief economist, said during a presentation at the Nonprime Auto Financing Conference.   […]
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