According to Manheim Consulting, the Manheim Used Vehicle Value Index stayed unchanged from August to September. Manheim said September’s stabilization in wholesale pricing reflected strong underlying dealer demand created by higher retail sales volumes.
Tom Webb, Manheim’s chief economist and the compiler of the Index, said last week during the Manheim Index Quarterly Conference Call, sources of increased wholesale volumes from 2012 to 2013 are:
- Dealer consignment
In summary of the conference call, Tom said:
- Wholesale values ease further, but remain high by historical standards due to industry restricting.
- Retail new and used vehicles sales continue to grow on basis of employment growth and retail credit availability.