Wholesale Vehicle Sales Sees Second Month of Price Increases

Tom Webb
Chief Econ­o­mist
Man­heim Con­sult­ing

Whole­sale used vehi­cle prices saw its sec­ond month in a row of increas­es, with November’s Man­heim Used Vehi­cle Val­ue Index at 123.3 – a 0.7% increase from a year ago. The May-through-Sep­tem­ber price decline brought down val­ues by less than 3%, and the sub­se­quent two-month rise have brought prices 1.3% below their April high. Auc­tions saw a lot of activ­i­ty in Novem­ber with deal­ers’ mood being one of active acqui­si­tion.

Click here to read the lat­est Man­heim Used Vehi­cle Val­ue Index

Lease Turn-ins and New­er Trade-ins Have Raised Used Sell­ing Prices at Fran­chised Deal­ers:
Anoth­er strong month of CPO sales pushed their year-to-date tal­ly up 10.2% from year-ago peri­od.

Auc­tion Prices for Rental Risk Units Moved Up in Novem­ber Over Octo­ber:
October’s down­ward move was exag­ger­at­ed by heavy vol­umes of below-aver­age con­di­tion vehi­cles.

Lux­u­ry Vehi­cles Con­tin­ued to Out­per­form Over­all Mar­ket in Novem­ber:
But due to weak­ness ear­li­er in year, lux­u­ry still has a lot ground to make up.



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