Pressure on Resale Values Offset Somewhat by Profitable Dealer Sales

Tom Webb
Chief Econ­o­mist
Man­heim Con­sult­ing

Man­heim Used Vehi­cle Val­ue Index was 123.3 in Feb­ru­ary, a 1.1% increase from a year ago and 0.8% over Jan­u­ary. Income tax refunds played a part in prop­ping up whole­sale val­ues; read­i­ly avail­able and attrac­tive retail financ­ing deals helped make used mar­ket more prof­itable than actu­al sales num­bers would sug­gest. Pres­sure on resale val­ues com­ing from new vehi­cle sales, incen­tives, fleet deliv­er­ies, and grow­ing whole­sale sup­ply.

Feb­ru­ary 2014 Man­heim Con­sult­ing report

While Used Retail Sales Vol­ume Was Down, Deal­ers Say Sales Prof­it Ris­ing:
And CPO sales in first two months of 2014 were up 12.3%.

Com­pact Car Pric­ing Hurt by Ample Sup­ply and Com­pet­i­tive New Vehi­cle Pric­ing:
Pick­ups remained in high demand in whole­sale mar­ket with less-than-ade­quate sup­ply.

At Straight Aver­age, Rental Risk Prices Were Down from Year Ago but Up from Jan­u­ary:
Aver­age mileage in auc­tion sales reached all-time high of more than 42,300.

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