Prices Down, but Stability and Normalcy Returning to Market

Webb_Tom_Manheim_100

Tom Webb
Chief Econ­o­mist
Man­heim Con­sult­ing

Whole­sale used vehi­cle prices slipped 0.1% in May. This brought the Man­heim Used Vehi­cle Val­ue Index to a lev­el of 119.1, 4.8% low­er than a year ago. May’s decline was not as steep as the pre­vi­ous four months, reflect­ing the ongo­ing re-align­ment of new and used vehi­cle price ratios back to more nor­mal lev­els.

Click here to read the lat­est Man­heim Used Vehi­cle Val­ue Index

Whole­sale Pric­ing in 2nd Half of Year Might be Less than what Ana­lysts Pre­dict­ed:
Dom­i­nant forces like­ly to be retail vol­umes and deal­er prof­itabil­i­ty, and used vehi­cle financ­ing will like­ly strength­en retail mar­kets.

Total UC Sales Rose by 2% in April, but Sales by Deal­ers Fell by 4.7% in May:
How­ev­er, inven­to­ry turn rates and net prof­its remain healthy for most deal­ers.

Com­mer­cial Fleets Hurt by Vehi­cles in $11K to $13K Price Range Being Weak­est Seg­ment:
Prices for rental risk units sold at auc­tion were flat com­pared to a year ago.

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