Tom Webb
Manheim Consulting
Chief Economist
Click here to read Manheim’s Index for July 2012
Wholesale used vehicle prices tracked on the Manheim Used Vehicle Value Index continued their downward cycle in July – down 1.8% from the previous month and 3.7% from a year ago. That makes four months in a row where the decline was larger than the preceding month.
Is Disaster Looming or Is It Close to Normal?:
Manheim Consulting calls it orderly realignment of prices, not a free fall.
Economy Not Back Yet, but New Prices at Impressive Pace:
SAAR at 14.1M, while manufacturers continue to maintain inventory and pricing discipline.
Small and Midsize Cars Weaken Most in Resale Value:
20% rise in gasoline prices over past 5 weeks did not stem compact and small car price decline.