Wholesale prices have been stronger on the Manheim Used Vehicle Value Index lately – at 124.1 in July, the index was up from 122.7 in July 2014 and 123.9 in June 2015. With seasonally adjusted prices declining a year ago, the Index’s year-over-year change moved from -0.1% in June to +1.1% in July. Wholesale pricing is strengthened by dealers seeing higher throughput, improving efficiencies, and more income through their F&I departments.
New Vehicle Transaction Prices Continued to Rise Along with Incentive Activity:
New vehicle market had net neutral influence on wholesale pricing in July.
Preliminary Estimates Suggest Used Retail Transaction Prices Rose Again:
CPO sales increased 11% in July, and went up 12.3% year-to-date.
Auction Pricing Up Y-O-Y for Both Commercially and Dealer-Consigned Units:
Dealer-consigned defied seasonal forces and increased due to lower average miles.