Cox Automotive: Wholesale Used-Vehicle Prices Increase in May
All major market segments saw seasonally adjusted prices that were higher year over year in May, except for pickups.
All major market segments saw seasonally adjusted prices that were higher year over year in May, except for pickups.
Manheim Market Report values saw weekly price increases that accelerated in each full week of March after the first week saw the smallest decline thus far this year.
The frenzied sales fever that pushed new car sales to record heights is cooling, with demand for pre-owned vehicles returning to more normal levels.
The Bureau of Labor Statistics reports the cost of previously owned sedans, pickups, and SUVs climbed 10% in April, accounting for over one-third of the 0.8% CPI increase.
Data shows strength in dealers bidding and buying across physical locations, Simulcast, Manheim Express, Manheim.com and OVE.
New VolkswagenDirect and AudiDirect websites enable dealers to purchase fresh, off-lease inventory to stock their lots.
Powered by vAuto, the new Manheim Dashboard gives Provision clients a leg up on the competition by bringing actionable data and insights to Manheim’s digital platforms.
Program gives dealers greater confidence by expanding covered items on digital purchases.
Manheim Express introduces new Concierge Inspection Guarantee; More than doubles the size of the Concierge force.
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