The fourth quarter should bring stable pricing among buyers and sellers, which should reflect only modest changes between now and the end of the year.
During the last two weeks, Manheim Market Report (MMR) prices declined an aggregate of 0.3%, which was less than half of the normal decline for this time of year.
While the total supply of unsold used vehicles is down from the same time a year ago, they are up from the end of June.
The Manheim Market Report values saw above-average declines that were relatively consistent, with values declining almost 4% in the last four weeks.
Clients will also see a cleaner interface and more trustworthy estimated retail values.
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Conditions have shifted to favoring buyers; but with tight supply, the market is close to a balance between buyers and sellers.
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Prices usually decline in the first two weeks of April, but in each of the last two years prices increased substantially during these same weeks, the Manheim Index shows.
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