Manheim: CPO Looks Good, Black Book: Two VW Diesels Seeing Big Drops October 22, 2015

Third Quarter Market Report Shows Lender and Consumer Confidence

Tom Webb
Chief Economist
Cox Automotive

The economic outlook remains solid and the number of job openings is strong - adding to both lender and consumer confidence, according to Manheim’s Q3 wholesale report. A sign of this market trend is that the weakest pricing tiers remained in the $9,000-$11,000 range while luxury cars and SUVs and CUVs showed modest gains. Used vehicle operations - including CPO sales - look to be set up well for October.

Read more about the Manheim quarterly report

Compact Car Prices Were Down 5.4% in September Compared to Year Ago:
Midsize Cars remain a weaker segments, but saw an increase of 2.6% Y-O-Y.

Luxury Car Values Had Small Gain of 0.5% Over Third Quarter of Last Year:
More efficient remarking of cars in this class is behind gains seen in the market.

Pickups Saw 11.8% Increase and Vans Up 5.1% Over Same Period Last Year:
Those top two spots were followed by SUVs and CUVS, which saw 3.1% gains.
Anil Goyal

Cars and Trucks Saw Nearly Identical Price Declines Last Week

Anil Goyal
VP of Automotive Valuation and Analytics
Black Book

A steep price decline in the wholesale market last week impacted most vehicle segments with only a few bright spots in some. Both car and truck value declines were nearly the same, down 0.63% and 0.62% last week, respectively. Cars were on a similar trend to that seen over the previous four weeks. Truck values were higher than the average depreciation rate of 0.35% seen in the previous four weeks.

Read the latest edition of Black Book Market Insights report

Car Segments with Strength Were Upper Mid-Size Car and Premium Sporty Car:
Those car segments had declines of only 0.26% and 0.28%, respectively.

Compact SUV and Mid-Size Pickup Were Truck Segments Doing Well Last Week:
Compact SUVs declined by only 0.07% and Mid-Size Pickup were down 0.19%.

Jetta Diesel and Passat Diesel Have Taken Biggest VW Diesel Price Drops:
Down 13.8% and 13.5%, respectively since Sept. 18 and start of diesel scandal.
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