Manheim Index Sees Used Prices Up for the Year

Tom Webb
Chief Econ­o­mist
Cox Auto­mo­tive

The Man­heim Index came in at 125.1 in Novem­ber, an increase of 1.5% from the pre­vi­ous year. The full-year 2015 Index is on track to post an increase for both an annu­al aver­age and a year-over-year basis. The robust­ness of the retail mar­ket in new vehi­cle sales and used CPO sales drove the mar­ket up beyond ini­tial expec­ta­tions. While some lessors are post­ing gains on end-of-term units, that sit­u­a­tion will change short­ly unless it’s off­set by strong retail mar­kets.

Here’s the lat­est Man­heim Used Vehi­cle Val­ue Index report

Used Vehi­cle Sales Esti­mat­ed to Come in High­er than 1% YTD in Novem­ber:
CPO sales declined 4.7% in Novem­ber, but have been up 8.7% YTD.

Rental Risk Prices Up 3.5% Over Octo­ber and 2.5% Year-Over-Year:
Aver­age mileage on risk units remained above 45,000 in Novem­ber.

Aver­age Auc­tion Prices Showed Small­er Increase than in Each of Last 3 Years:
Auc­tion prices for deal­er-con­signed declined from Octo­ber but up 5% from year ago.

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