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.