Wholesale used vehicle prices tracked on the Manheim Used Vehicle Value Index continued their downward cycle in July – down 1.8% from the previous month and 3.7% from a year ago. That makes four months in a row where the decline was larger than the preceding month.
Is Disaster Looming or Is It Close to Normal?:
Manheim Consulting calls it orderly realignment of prices, not a free fall.
Economy Not Back Yet, but New Prices at Impressive Pace:
SAAR at 14.1M, while manufacturers continue to maintain inventory and pricing discipline.
Small and Midsize Cars Weaken Most in Resale Value:
20% rise in gasoline prices over past 5 weeks did not stem compact and small car price decline.