According to Manheim, wholesale used vehicle prices increased 5.74% in the first 15 days of May compared to the month of April. New and used retail vehicle sales show substantial gains from March’s free fall.
Topics mentioned in today's video includes the reopening of automotive assembly plants, the state of the wholesale used-vehicle market, and what is happening with independent used vehicle dealers.
Vehicle values held steady last week, as various luxury segments continued to see positive movement in their week-to-week wholesale values.
Companies such as Manheim and ADESA have invested time and money to bolster the digital side of their business to meet the demands of this growing field, and so have fleet management companies.
Online remarketing has been a growing trend for the past few years and it promises to continue. As more remarketers are selling and buying wholesale vehicles online, some new trends have emerged.
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.
Overall wholesale values last week were strong, indicating a possible early start to the spring sales season.
Overall car segment values decreased 0.26% last week, compared to 0.68% the week before. Overall truck segment values decreased 0.44% last week, compared to 0.71% the week before.
The outlook for the 2020 used market is positive, at least according to three remarketers from three fleet management companies.
Five of the most widely used vehicle segments among light-duty fleets saw relatively low depreciation in 2019.