The Manheim Used Vehicle Value Index for December rose 1.2% over November, and at 124.1 was down 0.8% year-over-year. On an annual basis, the Manheim Index was down 1%. On a quarterly basis during 2012, the market saw a relatively flat Q1, followed by declines in the 2nd and 3rd quarters; these were followed by a strong upward rally in Q4.
Light Duty New Vehicles Sold at SAAR of 15.4 million in December and 14.5M for the Year:
Supported by pent-up demand, greater credit availability, and targeted incentives.
Used Vehicles Sales Also Saw Strong Year – Topping 40M Units Sold:
Faster inventory turns, operating efficiencies, and strong F&I kept UV operations very profitable for dealers.
Midsize Cars Had Largest Wholesale Price Increases in Past Month, Quarter & Year:
From ongoing demand shifts in retail market and stronger product offerings in wholesale market.