Used Vehicle Prices Flatten After Dropping for Five Months

Tom Webb
Chief Econ­o­mist
Man­heim Con­sult­ing

Manheim’s Used Vehi­cle Val­ue Index stayed flat in Sep­tem­ber, after hav­ing dropped in each of the pre­vi­ous five months. The Index came in at 120.7, a 1.8% decline from a year ago. The num­bers reflect strong under­ly­ing deal­er demand cre­at­ed by high­er retail used vehi­cle sales vol­umes.

Click here to read Man­heim Consulting’s Sep­tem­ber mar­ket report.

Realign­ment in Whole­sale Pric­ing Has Not Yet Ful­ly Played Out:
But mar­ket­place flex­i­ble enough to make adjust­ments w/out being dis­rup­tive to buy­ers or sell­ers.

New and Used Vehi­cle Retail Sales Saw Strong Sep­tem­ber:
Actu­al incen­tive spend­ing was down year-over-year and trans­ac­tion prices were up.

Strongest Pric­ing Con­tin­ues to Stay in Mid­dle Price Tiers:
Vehi­cles in $8K to $11K price range attract­ed strongest bid­ding in Sep­tem­ber.

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