News
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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Fleet/lease sales were responsible for the increase in auction volume in the first quarter as dealer sales fell 5.4% YOY and fleet/lease sales rose nearly 29%.
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The charity events included more than 2,000 classic, specialty, and exotic vehicles that raised $86,000 to provide recreational opportunities.
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The average daily sales conversion rate increased to 62.5%, showing that demand improved relative to February.
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The veteran leaders bring a combined 60 years of experience at Manheim and worked their way up through formative roles in auction operations.
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The Automotive Remarketing Alliance recognized a disaster relief fund namesake for his charitable actions and the first-time recipient of a new industry honor, during the Conference of Automotive Remarketing.
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The devices will capture electric vehicle battery health information and transmit that information to Manheim CRs and vehicle detail pages, where battery health information will be displayed on Manheim.com listings.
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The company’s SmartHaul TMS platform allows dispatchers to send SMS and MMS messages seamlessly to any device or app drivers are using.
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Prices in all vehicle market classes dive by double-digit teen percentages with electric vehicles down the most by 19% compared to March 2023.
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Total days’ supply at the start of March fell to 44, compared with the revised 53 at the beginning of February, a 20% decline.
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With new-vehicle inventory rising in the U.S., downward price pressure and higher incentives appear to be key drivers of the market’s momentum.
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