Manheim Reports Four Consecutive Years in Pricing Stability

Tom Webb
Chief Econ­o­mist
Man­heim Con­sult­ing

The Decem­ber 2014 Man­heim Used Vehi­cle Val­ue Index reached 123.9, an increase of 1.8% from a year ago. That was the third con­sec­u­tive month for whole­sale used vehi­cle prices to see an increase. Sta­bil­i­ty con­tin­ued in 2014 – fourth con­sec­u­tive year show­ing least volatil­i­ty in whole­sale pric­ing since the Man­heim Index start­ed in 1995. The econ­o­my has improved, and so have remar­ket­ing prac­tices enabling com­mer­cial con­signors to antic­i­pate and respond to the mar­ket, which has helped min­i­mize impend­ing swings in whole­sale prices.

Man­heim report on Decem­ber 2014 mar­ket

Total Used Unit Sales by Deal­ers Were Off 4.1% in Decem­ber and 1.4% for 2014:
Most will report record prof­its for year main­ly because of increased oper­at­ing effi­cien­cies.

Wide­ly Expect­ed that CPO Sales Will Reach 5th Record Sales Year in 2015:
High­er off-lease vol­umes increase both abil­i­ty and need to increase these pro­grams.

Vehi­cles in $13K to $15K Price Range Con­tin­ued Show­ing Great­est Price Strength:
Mid­size cars were the pleas­ant sur­prise in resid­ual reten­tion in Decem­ber.

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