-
Recent Posts
- NLRB Rules Against Anti-Union Captive-Audience Meetings
- GM Recall for Wheel Lockup on Diesel Pickups and SUVs
- First Look – Freshened VW 2025 Golf GTI and Golf R
- McKinsey and Hire Heroes USA – Bridging Veteran Career Gaps
- VW Ensnared in More Takata Airbag Shrapnel Recalls
- Renesas and Nidec Announce New EV E-Axle Systems
- Stellantis Embraces and Adapts HVO Diesel Fuel
- Brazilian Gabriel Bortoleto – Formula One’s Newest Driver
- American Airlines and JetBlue Alliance Blocked
- Porsche Penske Motorsport Wins – Rename the 963 to 967?
- Slight Improvement in J.D. Power 2024 Sales Satisfaction
- Nissan Motor Posts Disastrous First Half Results
- BMW Q3 2024 Profits Drop 61%
- Trump Presidency Effects on Auto Industry – All Bad?
- Honda Motor Company Posts ¥742.6B Profit
Recent Comments
- Alfa Romeo Returns to Formula 1 in 2018 via Sauber on Alfa Romeo Returns to Formula 1 in 2018 via Sauber
- American Airlines and JetBlue Alliance Blocked | AutoInformed on Justice Sues to Block JetBlue’s Purchase of Spirit Airlines
- UAW President Shawn Fain on 2024 Presidential Election on Donald Trump is a Scab – UAW Endorses President Biden
- Toyota Motor FY2025 Q2 Earnings Down Significantly | AutoInformed on More Toyota Certification Problems Emerge from MLIT Probe
- Toyota on new discounts on U.S. Vehicles Sales Drop as Consumers Wait for Discounts
Archives
Meta
Tag Archives: MUVVI
Manheim – Used-Vehicle Values Fall -21% from All-Time High
“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
Manheim – U.S. Wholesale Used Vehicle Prices Up In August
“The trend of higher wholesale values at Manheim continued into August from July, as we saw prices appreciate every week except the last,” said Jeremy Robb, senior director of Economic and Industry Insights at Cox Automotive. “Sales conversion continued to rise and held at much higher levels than prior years for the month as more buyers came to markets to replenish supply for used retail inventory. We know lease maturities are on the decline, and used retail days’ supply has tightened over the last month. That will likely keep pressure on buyers at Manheim in the next several weeks.” Continue reading →