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Wholesale used vehicle prices increased 8.95% month over month in June, bringing the Manheim Used Vehicle Value Index to 149.3, a 6.3% increase from a year ago and a new record-high for the Index.
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The lull that the wholesale market experienced through January and February was upended in March, as the industry saw the traditional spring bounce in values, according to the most recent Manheim Index report.
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Households have set a new nominal record for debt, according to Manheim Chief Economist Jonathan Smoke’s Industry Insights. This, the report added, is a sign that consumer confidence is high and that credit is readily available
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Manheim has updated its vehicle valuation tool, the Manheim Market Report (MMR), to provide more detailed valuations of used vehicles to increase transparency and improve the remarketing process, the company announced.
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With labor market and credit conditions continuing to improve and expected to maintain an upward trajectory in the year ahead, the environment is ripe for sustained vitality in the new, used, and wholesale marketplaces.
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ATLANTA -According to the recently published Manheim Used Car Market Report, mileage- and seasonally adjusted auction prices for end-of-service midsize cars and pickup trucks reached an all-time high in April 2011.
Read More →ATLANTA – Manheim Consulting released its Used Car Market Report (UCMR) for 2011. The report cites new vehicle purchases by commercial and government fleets as well as remarketing trends for both.
Read More →ATLANTA – Manheim Consulting released its 2011 Mid-Year Used Car Market Report, which provided some statistics related to auction values of fleet vehicles.
Read More →NEW ORLEANS — Manheim released the 10th annual edition of Manheim's Used Car Market Report (UCMR) on January 29 at the National Automobile Dealers Association convention.
Read More →In a year when incentives kept new car sales high and prices low, used car sales more than held their own, with a record 43.6 million vehicles retailed in 2003 at a value of $370 billion, according to Manheim’s 2004 Used-Car Market Report.
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