Manheim Index Down in March but Retail Side Keeping Prices Stable

Tom Webb
Chief Econ­o­mist
Man­heim Con­sult­ing

Whole­sale prices in March were down 0.5% from Feb­ru­ary but were vir­tu­al­ly iden­ti­cal to one year ago. The Man­heim Used Vehi­cle Val­ue Index was 124.5 in March, and 124.4 in March 2014. On a quar­ter­ly basis, the first quar­ter was 1.6% high­er than Q4 2014 and 1.3% high­er than Q1 2014. Strong prof­it oppor­tu­ni­ties on the retail side have helped whole­sale prices remain slight­ly above the trend lev­el.

Here’s the Man­heim Used Vehi­cle Val­ue Index for March

New Vehi­cle Sales Envi­ron­ment Remains Sup­port­ive to Used Vehi­cle Val­ues:
Aver­age trans­ac­tion prices con­tin­ue to rise, and over­all incen­tive spend­ing was flat.

Over­all Used Vehi­cle Mar­ket Sta­ble with Strong Late-Mod­el Vehi­cles Sales:
Fran­chised and inde­pen­dent retail sales appear to have been lev­el with year ago.

Rental Risk Units Saw Auc­tion Prices Spike in March from Feb­ru­ary:
Sea­son­al move­ment less than last year’s spike – prices down 4.2% from year ago.



    Leave a Reply

    Your email address will not be published. Required field are marked *.