Third Quarter Market Report Shows Lender and Consumer Confidence

Tom Webb
Chief Econ­o­mist
Cox Auto­mo­tive

The eco­nom­ic out­look remains sol­id and the num­ber of job open­ings is strong — adding to both lender and con­sumer con­fi­dence, accord­ing to Manheim’s Q3 whole­sale report. A sign of this mar­ket trend is that the weak­est pric­ing tiers remained in the $9,000-$11,000 range while lux­u­ry cars and SUVs and CUVs showed mod­est gains. Used vehi­cle oper­a­tions — includ­ing CPO sales — look to be set up well for Octo­ber.

Read more about the Man­heim quar­ter­ly report

Com­pact Car Prices Were Down 5.4% in Sep­tem­ber Com­pared to Year Ago:
Mid­size Cars remain a weak­er seg­ments, but saw an increase of 2.6% Y-O-Y.

Lux­u­ry Car Val­ues Had Small Gain of 0.5% Over Third Quar­ter of Last Year:
More effi­cient remark­ing of cars in this class is behind gains seen in the mar­ket.

Pick­ups Saw 11.8% Increase and Vans Up 5.1% Over Same Peri­od Last Year:
Those top two spots were fol­lowed by SUVs and CUVS, which saw 3.1% gains.

Tags:


0 Comments

    Leave a Reply

    Your email address will not be published.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