Manheim Index Sees Most Stable Wholesale Price Stability in its History

Tom Webb
Chief Econ­o­mist
Cox Auto­mo­tive

The Man­heim Used Vehi­cle Val­ue Index saw strong used vehi­cle val­ues in the fourth quar­ter of 2015, mark­ing the longest stretch of whole­sale price sta­bil­i­ty since the Index start­ed. On an aver­age annu­al basis, the Index rose 1.2% in 2015, saw a 2014 increase of 1.5%, and a decline of 1% in 2012 and 1.8% in 2013. That was the longest stretch of whole­sale price sta­bil­i­ty with price move­ments of less than 2% in the Index’s 20-year his­to­ry.

Whole­sale Prices Increased in Decem­ber, Mark­ing 6th Increase in Pre­vi­ous 7 Months:
Index up 1.5% from a year ago, and reached its high­est lev­el in more than four years.

Com­pact Car Prices Down 7.2% in Decem­ber from Year Ago:
Fierce com­pe­ti­tion in new mar­ket and shift­ing con­sumer pref­er­ences behind drop.

Pick-ups Increased 11.8% and Vans Were Up 6.2% in Pric­ing from Year Ago:
High­er pric­ing in new truck mar­ket and low gas and diesel prices con­tributed to it.

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