Manheim Index Drops 1.8% from Year Ago

Webb_Tom_Manheim_100

Tom Webb
Chief Econ­o­mist
Man­heim Consulting

Whole­sale used vehi­cle prices fell 0.6% in Jan­u­ary. Absent sea­sonal adjust­ment, decline in vehi­cle val­ues was half that amount. January’s Man­heim Used Vehi­cle Value Index read­ing of 123.4 rep­re­sented a 1.8% decline from a year ago.

Click here to read Man­heim Used Vehi­cle Value Index

Hur­ri­cane Impact Wan­ing and Auc­tion Sup­plies from Com­mer­cial Con­sign­ers Ris­ing:
Con­tin­ued strength in retail mar­ket, how­ever, kept decline in whole­sale prices mod­est, for now.

Jan­u­ary, Prices for Off-Rental Risk Units Sold at Auc­tion:
Up on both a year-over-year and sequen­tial basis, despite sig­nif­i­cantly higher volumes.

Mix of Auc­tion Sales Shifted Toward Late-model, More Expen­sive Units:
Vehi­cles in $25K to $30K range had biggest per­cent­age increase in vol­ume over last year.

Tags: