Webb: Pricing Firm Despite Financial Upheaval, Foyil: Auction Volumes Have Been Up September 10, 2015
Webb_Tom_Manheim_100


Prices Firm During High Volumes and Unstable International Financial Markets

Tom Webb
Chief Economist
Cox Automotive

Wholesale prices have been coming back, according to the Manheim Used Vehicle Value Index. The Index was up for the third consecutive month in August to 124.3, representing an increase of 2.1% from a year ago and up from 124.1 in July 2015. Used vehicle volumes continue to rise, but prices are remaining stable. That stability is in striking contrast to the volatility of international financial markets. Used vehicle values should stay on this path if the domestic economy and its financial markets remain stable.

Here’s the latest Manheim Used Vehicle Value Index

It's Time of Year for Prices to fall in September through November:
International financial, and debates over budget and debt ceiling will add uncertainty to market.

Rental Risk Prices up from July's Low but Remained below 2013 and 2014 Levels:
New vehicle sales to rental declined 3%, but were still up 5% year-to-date in August.

Pickups, SUVs, CUVs, and Vans Continued to See Higher Prices Year-Over-Year:
Midsize and luxury cars up slightly, and compact cars down 6.7% from year ago.
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Foyil_Sean_Kelley Blue Book


Used Vehicle Prices Declined at Lower Rate than Previous Two Months

Sean Foyil
Analyst
Kelley Blue Book
 

Average used vehicles declined in value at a slower rate in August – down 1.4% (or $250) for that month compared to declines of 2.6% in June and 2.2% in July. Sports car, high-end luxury, and high-performance car segments saw the worst performance for the month – down 3.3%, 3.2%, and 2.9%, respectively. Mid-size truck, full-size truck, and hybrid/alternative energy were the strongest performing segments with increases of 0.5%, 0.4%, and 0.2%, respectively. Pickup truck segments remained the top performing segments for the month.

Here's the latest edition of Blue Book Market Report

Auction Volumes Increased More than 23K Units or 5% in July over June:
Auction volumes had decreased 15% in May but steading increasing since June.

GM, BMW and Mercedes-Benz Had 25%-30% Volume Decreases in August:
Land Rover had spike in vehicles at auction lanes with oversupply of particular models.

While Fuel Prices Were Up 63 Cents from January, Prices Have Been Relatively Stable in Summer Months:
Expect fuel prices to continue to trend lower through the end of this year.
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Chris Visser Truck Report
Used Commercial Truck Market Update for August

Dur­ing first six months of this year, three-to-five year old trucks have been bring­ing in vir­tu­ally the same prices as last year, and other used truck trends.

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Collectible classics from 1980s
Autoline on Green and Collectible Car Trends

Col­lectible cars from the ‘80s and ‘90s jump­ing up in value and how elec­tric vehi­cles are doing in the market.

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