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 ...
The Manheim Used Vehicle Value Index (MUVVI) stabilized to end the third quarter with a steady September, following a period of fluctuation with declines in the first half of the year and rebounding values in Q3. Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis...
Manheim Pennsylvania — which bills itself as “the world’s largest wholesale vehicle auction” — has added three fixed imaging tunnels, powered by Fyusion artificial intelligence technology, designed to provide the industry’s most consistent and complete view of each vehicle. Manheim became t...