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.
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.