Tom Webb
Chief Economist
Manheim Consulting
After seeing five months of declines, wholesale prices increased in June from the previous month while being 3% lower than a year ago. For quarterly prices, the first quarter saw a decline of 0.8% and 2.1% in Q2. Manheim also reported in its study on the first half of 2013 that while Q2 prices were down 3% compared to Q2 2012, the quarter was strong. Values were in better alignment with retail new and used vehicle prices.
Click here for Manheim’s June index and special report on 1st 6 months of year
UVs Sold by Dealers Up 3.6% in June but Down for Quarter from Year Ago:
Sources indicate that dealers are satisfied with their unit volumes and profits.
CarMax Had Strong 17% jump in Sales During Fiscal Quarter Ending May 31:
Other public dealers likely to report higher used vehicle sales for calendar quarter ending June 30.
Rental Risk Unit Prices Increased 4.8% in June Relative to Year Ago:
Basically unchanged from both May and year ago after adjusting for broad shifts in market classes and mileage.
