Tom Webb, chief economist at the auction company Manheim Auctions Inc., says that wholesale used-vehicle prices are being supported by the shortage of vehicles at various auctions in the first half of 2009. Manheim's Used Vehicle Value Index stood at 114.1 in June, up 5.8 percent from June...
The July Manheim Used Vehicle Value Index was recently published and shows that used-vehicle values are finally coming down off a record high.In the latest report, prices also continue to be up substantially year-over-year, and that’s across all major segments. Howeve...
End-of-year expectations for the Manheim Used Vehicle Value Index have been downwardly revised mainly based on the decreases already seen year to date. Instead of being up 1.6%, Cox Automotive now forecasts the MUVVI will be down 1.1% year over year in December. About Manheim Manheim® is...