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Wholesale used vehicle prices increased 1.35% month-over-month in February, bringing the Manheim Used Vehicle Value Index to 143.5, which is 6.2% higher than it was at the same time in 2019.
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Vehicle values held steady last week, as various luxury segments continued to see positive movement in their week-to-week wholesale values.
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Overall car segment values decreased 0.11% last week, compared to a 0.04% gain the week before. Overall truck segment values decreased 0.03% last week, compared to 0.19% the week before.
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Overall wholesale values last week were strong, indicating a possible early start to the spring sales season.
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Overall car segment values decreased 0.21% last week, compared to 0.13% the week before. Overall truck segment values decreased 0.18%, compared to 0.28% the week before.
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Retail sales have been trending downward in recent years and that trend is expected to continue as the industry’s supply of gently-used off-lease vehicles continues to grow.
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Overall car segment values declined 0.13% last week, compared to 0% the week before. Overall truck segment values decreased 0.28% last week, compared to 0.17% the week before.
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A 17.1 million total would match 2019’s total and mark the sixth year in a row that new-vehicle sales would top 17 million.
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Subaru earned Kelley Blue Book's award for the mainstream brand category.
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Wholesale values saw unusually low depreciation last week, according to Black Book’s Jan. 21 Market Insights report.
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