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Manheim Index Shows Used-Vehicle Wholesale Prices Up 2.1% in June
The market is seeing stronger appreciation in older used vehicles this year, and the most affordable segments have been among the year’s best performers.
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SEARCHMENUSEARCHThe market is seeing stronger appreciation in older used vehicles this year, and the most affordable segments have been among the year’s best performers.
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The 1.66 million used vehicles sold at retail are up 11% year over year compared to March 2023 and the highest volume since March 2022.
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Used-vehicle sales in the period were up more than 5% year over year, in line with spring fever and the tax refund season.
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The Conference of Automotive Remarketing drew a professional crowd that networked for business and cultivated industry friendships.
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This was the first time the Manheim Market Report index reading has been under 200 since March 2021, illustrating the outsized moves in the index over the last three years.
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CAR 2024: The latest analysis from the National Auto Auction Association shows a stabilizing auction sector moving faster but still a long way from pre-pandemic years.
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The arrangement will help the five-lane auction develop business and expand further into the national vehicle consignor market.
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According to Vincentric, fleet costs per mile in all five vehicle categories accelerated higher in the first quarter of 2024 compared to the fourth quarter of 2023.
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CAR 2024: Unlike a combustion engine, an EVs long-term value is maintained daily, based on the unique charging habits and battery management of its owner.
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The 2024 Remarketer of the Year and Consignor of the Year bring resumes full of enterprise and experience.
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A list of “R-words” captures the intent behind the alliance’s first new name and look since it was founded in 2001.
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