The latest trends in key indicators suggest wholesale used vehicle values will continue to see depreciation in the days ahead.
The Manheim Used Vehicle Value Index hit a record high of 203, and likely won't reach into the 200s again for several years.
Cox Automotive Commentary: The third quarter will be the industry’s toughest in 2021, and our analysts are forecasting second-half sales to finish below first half.
Demand has been healthy, inventories tight, and dealers have felt little pressure to lower prices.
Commentary: A deluge in demand and a drought in supply are roiling the market.
Rising fuel prices, the microchip shortage, and the used-vehicle resale market are some of the main topics of discussion in this State of the Fleet Industry episode.
Wholesale used-vehicle prices increased 3.74% in the first 15 days of March compared to the previous month.
Wholesale used vehicle prices jumped 3.79% month-over-month in February, led by a major increase near the month's end.
For the 2020 program, J.D. Power assessed 270 models from the 2017 model year, examining 592,000 vehicle sales transactions between May and September of 2020.
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 3.4% comparing the first 15 days of August to the full month of July, continuing record setting-performance for wholesale prices.
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