Third Quarter Prices Drop with Signs of Returning to More Normal Levels

Tom Webb
Chief Econ­o­mist
Man­heim Con­sult­ing

Whole­sale used vehi­cle prices dropped just over 2% in the third quar­ter. The mar­ket showed signs of return­ing to more nor­mal lev­els after his­tor­i­cal­ly high prices ear­li­er dur­ing 2014. The Man­heim Used Vehi­cle Val­ue Index end­ed the third quar­ter at 121.4, a decline of 1.1 per­cent com­pared to a year ago.

See the Man­heim announce­ment on its Q3 mar­ket report

New Vehi­cle Sales Boom Result­ed in More Trade-ins and Lease Turn-ins Quar­ter:
Which led to an increase in inven­to­ries and put down­ward pres­sure on prices.

Cer­ti­fied Pre-owned Vehi­cle Sales Increased 20% in Sep­tem­ber:
10% rise year-to-date, as con­sumers had strong demand for qual­i­ty, late-mod­el used vehi­cles. 

Com­pact Cars Con­tin­ued to be Weak­est Seg­ment with Q3 Prices Down 3.4% from Year Ago:
Pick-ups and vans  remained the strongest seg­ment with prices up 6.5% for pick-ups and 1.5% for vans.

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