Tag Archives: Jeremy Robb

Manheim – Used-Vehicle Prices Drop in January

Posted on 23 January 2024 by Ken Zino

Wholesale used-vehicle prices decreased 1.0% from December during the first 15 days of January, according to data just released by industry expert Manheim.* The Manheim mid-month Used Vehicle Value Index dropped to 201.9, which was down 10.2% from the full … Continue reading →

Posted in aftermarket, auto news, news, news analysis, prices, sales | Tagged , , , , , , , , | Leave a comment

Manheim – Used-Vehicle Values Fall -21% from All-Time High

Posted on 9 January 2024 by Ken Zino

“We ended 2023 with about half of the used-vehicle value decline we saw in 2022, but still more than we’d see in a typical year,” said Cox Automotive Chief Economist Jonathan Smoke. “For 2024, the key word for the wholesale market is ‘normalcy.’ Manheim expects constrained growth with a volume increase of less than 1%. As for price patterns, we anticipate a normalization trend, and we expect that 2024 will be the first year in five where we will experience fairly normal depreciation in the wholesale market.” Continue reading →

Posted in economy, marketing, news analysis, results, sales | Tagged , , , , , , , , | Leave a comment