Man¬≠heim Used Vehi¬≠cle Val¬≠ue Index was 123.3 in Feb¬≠ru¬≠ary, a 1.1% increase from a year ago and 0.8% over Jan¬≠u¬≠ary. Income tax refunds played a part in prop¬≠ping up whole¬≠sale val¬≠ues; read¬≠i¬≠ly avail¬≠able and attrac¬≠tive retail financ¬≠ing deals helped make used mar¬≠ket more prof¬≠itable than actu¬≠al sales num¬≠bers would sug¬≠gest. Pres¬≠sure on resale val¬≠ues com¬≠ing from new vehi¬≠cle sales, incen¬≠tives, fleet deliv¬≠er¬≠ies, and grow¬≠ing whole¬≠sale sup¬≠ply.
While Used Retail Sales Vol¬≠ume Was Down, Deal¬≠ers Say Sales Prof¬≠it Ris¬≠ing:
And CPO sales in first two months of 2014 were up 12.3%.
Com¬≠pact Car Pric¬≠ing Hurt by Ample Sup¬≠ply and Com¬≠pet¬≠i¬≠tive New Vehi¬≠cle Pric¬≠ing:
Pick¬≠ups remained in high demand in whole¬≠sale mar¬≠ket with less-than-ade¬≠quate sup¬≠ply.
At Straight Aver¬≠age, Rental Risk Prices Were Down from Year Ago but Up from Jan¬≠u¬≠ary:
Aver¬≠age mileage in auc¬≠tion sales reached all-time high of more than 42,300.