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In the wholesale car market, the “spring bounce” was more like the long jump this year. Driven by tariff-hurried demand, prices leapt, pushing the Manheim Used Vehicle Value Index to its highest level ...
Cars Commerce has strengthened its position in the wholesale automotive space this week with the acquisition of DealerClub, a reputation-based dealer-to-dealer digital wholesale auction. The purchase, ...
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If you’ve been in the market for a used vehicle, you’ve undoubtedly noticed prices are significantly higher than in the past. However, there’s been some relief as prices have been trending downward ...
Brad Francis, a used car manager for a big So Cal Ford dealer, checks out value of a vehicle on his SmartPhone before the start of auction at Manheim So. Cal. Auto Auction in Fontana If you’ve bought ...
Manheim Market Report, a wholesale vehicle valuations tool, now includes automatic pricing adjustments for vehicles with automaker-specific factory-installed packages and options, Cox Automotive said ...
Wholesale used car prices dropped by 4.2 percent from May to June, marking the largest monthly decrease since the start of the COVID-19 pandemic, according to the Manheim Used Vehicle Value Index ...
Car dealers paid about 1% less for used cars at auction in the first half of July than they did in June. That’s news, mainly because wholesale prices were already down more than 10% in June from where ...
Wholesale used-vehicle prices are expected to gradually cool through the rest of the year after unseasonably appreciating to start 2023. Improvement in new-vehicle inventory levels and an uptick in ...
The Manheim Used Vehicle Value Index climbed 6.3% year-over-year and was up 1.6% month-over-month on a seasonally adjusted basis. While non-seasonally adjusted prices dipped 1.1% from May, they ...