The article reports on the sudden rise in used-car prices in the U.S. It is reported that the price rise could signal better new-vehicle sales ahead. Tom Webb, chief economist at the auction company Manheim Auctions Inc., says that wholesale used-vehicle prices are being supported by the...
On today’s show, we’re pleased to welcome Jonathan Smoke, Chief Economist forCox Automotive. He discusses theManheim Used Vehicle Value Indexand the used-vehicle market. The Manheim index tracks what’s selling at Manheim. The monthly value report reflects the average ...
Over the month of September, daily MMR Retention, which is the average difference in price relative to the current MMR, averaged 99.2%, meaning market prices were slightly below MMR values. The average daily sales conversion rate declined to 55.7%, which was close to normal for the time of ...