agent Entrepreneur logo
MenuMENU
SearchSEARCH

Manheim: Wholesale Prices Decline for Third Straight Month

ATLANTA — Wholesale used-vehicle prices decreased 0.74% month over month in January. This brought the Manheim Used Vehicle Value Index to 131.0, a 4.9% increase from a year ago but the lowest level since last July. On a year-over-year basis, all major market segments except midsize cars saw gains. Luxury cars, pickups, and vans outperformed ... Read More »

February 8, 2018
2 min to read


ATLANTA — Wholesale used-vehicle prices decreased 0.74% month over month in January. This brought the Manheim Used Vehicle Value Index to 131.0, a 4.9% increase from a year ago but the lowest level since last July.

On a year-over-year basis, all major market segments except midsize cars saw gains. Luxury cars, pickups, and vans outperformed the overall market.

Ad Loading...

“Depreciation accelerated for most vehicles to catch up with the abnormal pricing performance in September; but now that prices are more in line with the general trend prior to the hurricanes, expect the rate to slow down to normal,” the firm noted in its monthly report. “As we look ahead in 2018, we will likely miss the normal “bounce” in used-vehicle prices in March as tax refunds will again be delayed as part of the IRS effort to combat identity fraud. Prices should be on firmer footing by April, as retail demand kicks into gear.”

On the new-vehicle side, sales volume increased 1% from the year-ago period. There was one more selling day compared to January 2017. The month’s seasonally adjusted annual rate (SAAR) was 17.1 million, the fifth straight month the SAAR was over 17 million.

Cars continued to see sharp declines, with sales falling 11% from a year ago. Sales of light trucks continued to outperform cars, rising 8% from a year ago. Combined rental ( down 11%), commercial, and government (down 5%) purchases of new vehicles were down 3% from a year ago.

New-vehicle inventories remained below four million units for the seventh straight month, the firm noted.

As for used, Cox Automotive estimates that sales declined 2% from a year ago. The January used-vehicle SAAR came in at 39.2 million units.

Ad Loading...

Looking at the economy, the firm noted that January’s employment report was better than expected, with monthly job creation increasing to 200,000. Unemployment remained at a 17-year low at 4.1%. However, the underemployment rate, the broadest measure of unemployment, ticked up again to 8.2%, indicating that there is some slack left to be worked out, the firm said.

Consumer confidence in January was the second-best reading in more than 17 years. It was also up substantially from a year ago. “Positive wage growth combined with the parade of businesses announcing bonuses and pay increases from tax reform is producing fertile ground for strong and growing consumer spending and auto buying in the spring,” the firm noted.

Topics:Industry

More Industry

The outside of a blue Gregg Young Chevrolet dealership.
Industry•by Lauren Lawrence•October 22, 2026

Nebraska Rooftop Changes Hands

The Gregg Young Automotive Group has sold its second dealership to Janssen Auto Group, both in Plattsmouth, Neb.

Read More →
Two white men's shaking hands
Industry•October 15, 2026

Penske Auto Group Deal a Record

The deal to take the dealership and transportation services company private sets a new pace for industry buy-sell transactions.

Read More →
Rows of cars parked in exterior lot
Industry•by Hannah Mitchell•October 8, 2026

War Toll a Damper on Used Auto Prices

Cox Automotive found wholesale depreciation to be elevated in September amid high fuel prices and this year's unusual hurricane season.

Read More →
Ad Loading...
Mechanic cleaning interior of engine
Industry•by Lauren Lawrence•October 8, 2026

Bridge the Maintenance Gap

With many drivers missing recommended maintenance, service departments offering transparency and efficiency have a better chance of reaching financially strained consumers.

Read More →
Ford F-150 truck rounding a curve
Industry•by Hannah Mitchell•October 1, 2026

California Store Has New Owner

The longtime dealership in the northern part of the state is known for robust fleet sales and has served the state capital for 115 years.

Read More →
crane lowering a pipeline into the ground
Industry•by Lauren Lawrence•October 1, 2026

BMW Plant Pursues Cleaner Energy

BMW Group Plant Leipzig has utilized hydrogen to help power its production since 2013, but a new pipeline is planned to take it to another level.

Read More →
Ad Loading...
Two dodge cars outside of dealership.
Industry•by Lauren Lawrence•September 17, 2026

Auto Affordability Inches Up

The latest Cox Automotive and Moody’s Analytics index shows a slight increase in new-vehicle affordability despite high prices.

Read More →
Five men smiling for photo in front of Honda car dealership.
Industry•by Lauren Lawrence•September 10, 2026

Ohio Auto Group Under New Ownership

After 79 years with the Schluter family, Mansfield Auto Group has been acquired by Missouri-based Clement Auto Group.

Read More →
Blue and white RV parked on beach facing the ocean.
Industry•by Lauren Lawrence•September 3, 2026

RV Group Expands Carolina Footprint

Blue Compass RV Columbia Northeast is the 13th RV dealership owned by Blue Compass in the Carolinas.

Read More →
Ad Loading...
Photo of two men and one woman on a discussion panel
Industry•by Hannah Mitchell•September 1, 2026

Agent Acumen

An Agent Summit panel of people who’ve been supporting auto dealers for years gave both timely and timeless advice for those starting out or mulling the prospect.

Read More →
Ad Loading...