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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The data is available by subscription on the autoniq app and showcases information on similar year, make, and model vehicles sold at auction.
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Manheim Market Report (MMR) prices saw strong gains through the first two full weeks of October. The latest trends in the key indicators suggest wholesale used vehicle values will likely see further gains in the days ahead.
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Double whammy: New-vehicle inventory falls below 1 million units in September while the average new vehicle price tops $45,000 for the first time.
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The seasonally adjusted annual rate (SAAR) of sales declined to 35.7 million, down from 40.9 million in September 2020.
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The purchase will enable the auction company to solidify its market positions and further scale in this industry through strategic investments in technology and other avenues for growth.
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The auction company has created infrastructure as part of its electrification plans for service and support of electric vehicles for clients.
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With high prices and fast sales, dealers are selling cars before they get a chance to pull them into their shops to recondition them up to full CPO standards.
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All major market segments saw seasonally adjusted wholesale price increases in September, while sales into fleets were down 21% year over year in September.
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Elizabeth "Bette" Natoli, Frank Grochal, and Carolyn Edwards were inducted into the Fleet Hall of Fame at the Automotive Fleet & Leasing Association annual conference.
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The lack of new-vehicle inventory is steering many dealers and consumers into the used-vehicle market, resulting in higher prices for both wholesale and retail used vehicles.
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