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.
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.