Tom Webb
Chief Economist
Manheim Consulting
Wholesale used vehicle prices slipped 0.1% in May. This brought the Manheim Used Vehicle Value Index to a level of 119.1, 4.8% lower than a year ago. May’s decline was not as steep as the previous four months, reflecting the ongoing re-alignment of new and used vehicle price ratios back to more normal levels.
Click here to read the latest Manheim Used Vehicle Value Index
Wholesale Pricing in 2nd Half of Year Might be Less than what Analysts Predicted:
Dominant forces likely to be retail volumes and dealer profitability, and used vehicle financing will likely strengthen retail markets.
Total UC Sales Rose by 2% in April, but Sales by Dealers Fell by 4.7% in May:
However, inventory turn rates and net profits remain healthy for most dealers.
Commercial Fleets Hurt by Vehicles in $11K to $13K Price Range Being Weakest Segment:
Prices for rental risk units sold at auction were flat compared to a year ago.
