Used Vehicle Stabilizing in Post-Hurricane Market, Manheim Says

Tom Webb Chief Economist Manheim Consulting November wholesale prices were flat, but the outcome depends on how you look at it; Rose by 0.6% w/ seasonal adjustment; Index stood at 122.6, 1% decline from year ago, 25% increase from bottoming out in December 2008 and 4% decline from all-time high reached in May 2011. Click […]

Manheim Used Vehicle Value Index Report – November 2012

Manheim Used Vehicle Value Index Report – November 2012

 

November 2012 Was Good for Retail Used Vehicles Sales, Spinella Said

Used retail sales in the US during November saw a strong month compared to a year earlier, according to Art Spinella, President of CNW Research. Total market value for the sales reached $27 billion compared to $23.8 billion a year earlier.

Used vehicle sales reached 2.98 million units in retail sales in November, up from a year ago by…

Used cars continued to increase their share of total used vehicle sales versus a year ago, this year reaching…

Used car shoppers are going out of their local market in increasing numbers – in November, the percentage reached…

Click here to read a summary of Art Spinella’s monthly retail used vehicle sales figures and analysis…

 

ALG Studies How Residual Values Have Been Doing and What’s Next

ALG sees residual values as much stronger compared to a year ago. In late 2011, falling wage and housing forecasts pushed residuals down by 0.7% in addition to a drop of 1.3% in expected declines, for an overall drop of 2%.

Compared to ALG’s September/October residual report, the overall impact for November/December is expected to be…

Subcompact Utility and Compact MPV displayed the largest negative impact, the segments showing the largest positive impact are…

The used market supply is forecasted to increase slightly with 36-month residual values seeing an impact of…

Click here to read ALG’s overall perspectives on how residual values are comparing to the recent past and where they may be going…