New Model Year Changeover Effectively Managed by OEMs and Dealers

Webb_Tom_Manheim_100

Tom Webb
Chief Econ­o­mist
Man­heim Con­sult­ing

Whole­sale used vehi­cle prices rose by one per­cent in the month of Octo­ber; With­out sea­son­al adjust­ment, prices fell by more than one per­cent; The Octo­ber Man­heim Used Vehi­cle Val­ue Index stood at 121.9, which rep­re­sent­ed a 0.7% decline from a year ago.

Click here to read October’s Man­heim Used Vehi­cle Val­ue Index report.

Biggest Sea­son­al Whole­sale Pric­ing Swing Usu­al­ly Occurs between Sep­tem­ber and Octo­ber:
Rise in sea­son­al­ly adjust­ed Index proof that, once again, man­u­fac­tur­ers and deal­ers have had effec­tive, well-man­aged, mod­el-year tran­si­tion.

Octo­ber UV Sales, Like New, Reduced by Hur­ri­cane but Deal­er Post­ed Strong Gain:
CPO sales remain on pace for new record of more than 1.8M unit sales in 2012.

Vehi­cles in $8K to $11K Price Range Con­tin­ued Strongest Bid­ding in Octo­ber:
In recent months, strength between var­i­ous price tiers has evened out quite a bit.

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