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


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.
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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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NADA UCG October Used Vehicle Industry Update

Used vehi­cle value depre­ci­a­tion accel­er­ated in Sep­tem­ber, and where sup­ply and pric­ing is heading.

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Hand Gestures Give Control Back to Driver in Autonomous Cars

Sen­sory tech­nol­ogy that responses to hand ges­tures is enabling dri­vers to take con­trol of dri­ver­less cars in an emergency.

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