Manheim: Used Vehicle Prices Still Doing Well, NADA: Best New and Used Convertible Deals July 9, 2015
Webb_Tom_Manheim


Prices See First Increase after Four Month Decline

Tom Webb
Chief Economist
Manheim Consulting

Wholesale used vehicle prices saw their first month-over-month increase right after a four-month decline. At 123.9 on the Manheim Used Vehicle Value Index, it was down 0.1% from a year ago; however, wholesale prices were stronger than expected last month and for this year overall. Solid retail marketing, operating efficiencies, and good remarketing practices are strengthening the market. It does appear that with further acceleration in wholesale supplies, along with seasonal patterns, downward pressure will be put on pricing.

Check out the latest Manheim Used Vehicle Value Index report

Retail Sales Rose in April and May After Being Down in First Quarter:
CPO sales continued record page – up 17.6% in Jun and 12.5% for first half of year.

Auction Prices for Rental Risk Units Declined 6.5% Between March and June:
Older and rougher-condition vehicles being sold had much to do with the decline.

Pickups and Vans Were Only Segments with Price Increases Year-Over-Year:
For pricing tiers in overall market, $9K-$11K weak and everything above $15K strong.
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Banks_Jonathan


NADA Finds Best Deals in New and Pre-Owned Summer Convertibles

Jonathan Banks
Executive Automotive Analyst
NADA Used Car Guide

Convertible owners look forward to summer season, and have more options today in convertibles pricing under $35,000. NADA Used Car Guide identified six 2015 model convertibles that make for the best deals on the market: Ford Mustang Convertible 3.7L V6 at $32,115; MINI Cooper Convertible S 1.6L I4 Turbo at $32,550; Volkswagen Beetle Convertible 1.8T I4 Classic at $26,815; FIAT 500c Convertible Abarth 1.4L I4 at $28,295; Chevrolet Camaro Convertible LT 3.6L V6 at $33,495; and Mazda MX-5 Miata Convertible Sport 2.0L I4 at $25,870.

See the NADA Used Car Guide edition of Perspective for June

On Pre-Owned Side, 2013 Chevrolet Corvette Convertible Recommended:
Value comes in race-tuned engine and handling, sexy curves, and grins per mile.

2013 BMW 328i Convertible 3.0L I6 Saw Market Value at $33,850:
Athletic, responsive and fun to drive vehicle, making it a solid choice for “ultimate driving machine.”

2013 Audi A5 Convertible Premium AWD 2.0L I4 Had Strongest Retention Value:
63% of its original $47,795 MSRP, slightly above average for this group of convertibles.
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