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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 latest numbers add up to a gutpunch for the resale values of used electric vehicles as the early adopter market for EVs taps out and mainstream vehicle buyers remain cautious.
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The consolidated digital platform will simplify buying and selling while expanding reach and access for customers.
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Over the last two weeks, Manheim Market Report (MMR) prices declined an aggregate of 1.9%, which was more than the normal decline of 1% for the time of year.
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Wholesale used-vehicle prices decreased 2.3% in October from September and were down 4% from a year ago.
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October’s price decline is eerily similar to last October’s 2.2% drop, and this was not unexpected as the market remains balanced.
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Applying deep data science to vehicle inventory management can spur more accurate pricing models in real-time.
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Lauren Baker worked in leadership and client roles with PHH and Element Fleet Management.
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While the UAW strike has slowed output at auto factories nationwide, the fallout has not fully hit consumers in dealer showrooms.
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The enhanced rapid cameras spread across dealer check-in, commercial check-in, and post-reconditioning are designed to capture nearly 1,900 vehicles each day.
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Almost all major market segments saw seasonally adjusted prices that were again lower year over year in the first half of October.
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