Price Stability Continues through September

Webb_Tom_Manheim_100

Tom Webb
Chief Econ­o­mist
Cox Auto­mo­tive

Whole­sale price strength con­tin­ued in Sep­tem­ber. The Man­heim Used Vehi­cle Val­ue Index fin­ished at 124.8, an increase of 2.8% from a year ago. Pric­ing was down before sea­son­al adjust­ment, but the past four months have seen strength and sta­bil­i­ty. Whole­sale vol­ume are up, but not high enough yet to impact pric­ing; new vehi­cle incen­tives are not yet at dan­ger­ous lev­els; and retail mar­gins are down, but net prof­its are ris­ing.

Here’s the new Man­heim Used Vehi­cle Val­ue Index

Con­cern that Deal­ers Over-allowed on High­er Num­ber of Trade-ins Received:
So far this year, they haven’t; should be set up for Octo­ber if trade-ins cor­rect­ly val­ued.

Rental Risk Auc­tion Vol­umes Eased in Sep­tem­ber, after 8 Months of Being High:
Aver­age mileage slipped back below 45,000, but still up 8% from a year ago.

Auc­tion Sales Saw Sea­son­al Declin­ing in Pric­ing from August to Sep­tem­ber:
Val­ues were up from year-ago lev­els for both com­mer­cial and deal­er-con­signed units.

Tags:


0 Comments

    Leave a Reply

    Your email address will not be published. Required field are marked *.




    узнать больше

    steroid-pharm.com/

    www.steroid-pharm.com