Dealers Strengthened Wholesale Pricing in July

Tom Webb
Chief Econ­o­mist
Cox Auto­mo­tive

Whole­sale prices have been stronger on the Man­heim Used Vehi­cle Val­ue Index late­ly – at 124.1 in July, the index was up from 122.7 in July 2014 and 123.9 in June 2015. With sea­son­al­ly adjust­ed prices declin­ing a year ago, the Index’s year-over-year change moved from -0.1% in June to +1.1% in July. Whole­sale pric­ing is strength­ened by deal­ers see­ing high­er through­put, improv­ing effi­cien­cies, and more income through their F&I depart­ments.

Here’s the lat­est Man­heim Used Vehi­cle Val­ue Index

New Vehi­cle Trans­ac­tion Prices Con­tin­ued to Rise Along with Incen­tive Activ­i­ty:
New vehi­cle mar­ket had net neu­tral influ­ence on whole­sale pric­ing in July.

Pre­lim­i­nary Esti­mates Sug­gest Used Retail Trans­ac­tion Prices Rose Again:
CPO sales increased 11% in July, and went up 12.3% year-to-date.

Auc­tion Pric­ing Up Y-O-Y for Both Com­mer­cial­ly and Deal­er-Con­signed Units:
Deal­er-con­signed defied sea­son­al forces and increased due to low­er aver­age miles.

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