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...
Rental risk pricing strengthens.The average price for rental risk units sold at auction in June was up 7% year-over-year. Rental risk prices were down 1% compared to May. Average mileage for rental risk units in June (at 42,700 miles) was up 5% compared to a year ago but down 1% mon...
The average price for rental risk units sold at auction in September declined 1.7% year over year. Rental risk prices increased by 1.4% compared to August. Average mileage for rental risk units in September (at 51,300 miles) was down 5.3% compared to a year ago and down 6.9% from August...
rental car company activity, some pent-up consumer demand, and yes, semi-conductor supply constraints), used vehicle values have skyrocketed since the early 2020 COVID trough. Manheim, Cox Automotive's wholesale auction and consulting platform, publishes an index of these values. Source: Manheim ...
Manheim car auction - Used cars auctions - Seized cars auctionsAndrew