That average was 7.4 percent lower than in December 2007 but 3.6 percent higher than in November 2008. In December, Manheim's Used Vehicle Value Index had its biggest annual drop since the index launched in 1995, said Manheim chief economist Tom Webb.ArlenaSawyers...
US Used Car Prices Rise For 1st Time in 3 Months The Manheim Used Vehicle Value Index for the US jumped 1.3% month-over-month in November 2024, the first rise in three months, following a 0.1% drop in October. “The Thanksgiving holiday usually slows down the market, and it did this...
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...
In the first two weeks of November 2023wholesale used-vehicle prices,decreased by 1.6%, as indicated by the midmonth Manheim Used Vehicle Value Index. The aforementioned index declined inNovember by 5,3% compared to the previous year. The decrease indicates a slight softening in the market, whi...
The Manheim Used Vehicle Value Index looks like the GameStop stock chart. If you have a trade-in or used car to sell, now is the time. If you're a used car bargain hunter, your hunt will take longer and lead you farther afield. So, why are values stuck in the mesosphere, when ...
The Manheim annual Used Car Market report examines the economic underpinnings of the entire used vehicle market and sector-specific trends that influence the supply and pricing of used vehicles. This report highlights market conditions and buyer and seller strategies within the used vehicle marketplace...
This was the first time the Manheim Market Report index reading has been under 200 since March 2021, illustrating the outsized moves in the index over the last three years. Valuing Electric Vehicles for Successful Buying and Selling CAR 2024: Unlike a combustion engine, an EVs long-term value...
Used-car prices have fallen from their recent peaks, but they are still up a lot. The Manheim Used Vehicle Value Index, a widely tracked measure, is at 238.6, down about 7% from all time highs reached in late 2021 but still up about 54% compared with three years ago. That dynamic ...
Speaking about CPO on the recent Manheim Used Vehicle Value Index call, Kevin Chartier, vice president at Manheim Consulting, noted: “In today’s market, everything is selling so quickly and at such high prices, that I think that in many cases the dealers are selling cars before they get...