After seeing five months of declines, wholesale prices increased in June from the previous month while being 3% lower than a year ago. For quarterly prices, the first quarter saw a decline of 0.8% and 2.1% in Q2. Manheim also reported in its study on the first half of 2013 that while Q2 prices were down 3% compared to Q2 2012, the quarter was strong. Values were in better alignment with retail new and used vehicle prices.
UVs Sold by Dealers Up 3.6% in June but Down for Quarter from Year Ago:
Sources indicate that dealers are satisfied with their unit volumes and profits.
CarMax Had Strong 17% jump in Sales During Fiscal Quarter Ending May 31:
Other public dealers likely to report higher used vehicle sales for calendar quarter ending June 30.
Rental Risk Unit Prices Increased 4.8% in June Relative to Year Ago:
Basically unchanged from both May and year ago after adjusting for broad shifts in market classes and mileage.