Tom Webb
Chief Economist
Manheim Consulting
Manheim’s Used Vehicle Value Index stayed flat in September, after having dropped in each of the previous five months. The Index came in at 120.7, a 1.8% decline from a year ago. The numbers reflect strong underlying dealer demand created by higher retail used vehicle sales volumes.
Click here to read Manheim Consulting’s September market report.
Realignment in Wholesale Pricing Has Not Yet Fully Played Out:
But marketplace flexible enough to make adjustments w/out being disruptive to buyers or sellers.
New and Used Vehicle Retail Sales Saw Strong September:
Actual incentive spending was down year-over-year and transaction prices were up.
Strongest Pricing Continues to Stay in Middle Price Tiers:
Vehicles in $8K to $11K price range attracted strongest bidding in September.
