Manheim: Stability in Past Four Months, Black Book: Collectible Cars Strong October 9, 2015

Price Stability Continues through September

Tom Webb
Chief Economist
Cox Automotive

Wholesale price strength continued in September. The Manheim Used Vehicle Value Index finished at 124.8, an increase of 2.8% from a year ago. Pricing was down before seasonal adjustment, but the past four months have seen strength and stability. Wholesale volume are up, but not high enough yet to impact pricing; new vehicle incentives are not yet at dangerous levels; and retail margins are down, but net profits are rising.

Here’s the new Manheim Used Vehicle Value Index

Concern that Dealers Over-allowed on Higher Number of Trade-ins Received:
So far this year, they haven’t; should be set up for October if trade-ins correctly valued.

Rental Risk Auction Volumes Eased in September, after 8 Months of Being High:
Average mileage slipped back below 45,000, but still up 8% from a year ago.

Auction Sales Saw Seasonal Declining in Pricing from August to September:
Values were up from year-ago levels for both commercial and dealer-consigned units.
Anil Goyal

Cars Expected to Depreciate Faster than Trucks for Rest of Year

Anil Goyal
VP of Automotive Valuation and Analytics
Black Book

Black Book sees most car segments continuing at a more accelerated depreciation rate than truck segments; that trend is likely continue through the rest of the year. Depreciation has remained constant for cars and trucks in the past few months, with cars seeing larger price declines than trucks in most segments. Luxury, Near-Luxury, and Prestige Luxury cars continue have much lighter value deprecation than most other car segments.

Learn more about specialty market trends in this week’s report

Used Car Values Decreased by 0.60% - Largest Rate Since 3rd Week of June:
Compact Cars saw large value depreciation in past week – down 1.27%.

Trucks Down 0.35% - Higher than Last Week but Lower than Two Weeks Ago:
Compact Pickups and Full-Size CUVs saw largest dollar adjustments in past week.

Powersports Vehicles and Heavy Duty Trucks See Depreciation Increase:
Collectible car market continues to be strong, with auctions featuring all types of vehicles.
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Kontos Kommentary_Sept 2015
The Latest Kontos Kommentary Report

The Pulse report looks at where the econ­omy stands with fuel prices, hous­ing mar­ket, and the global econ­omy – along with new and used vehi­cle sales.

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Visser_Chris_Commercial Truck Guide - Aug 2015
Used Commercial Truck Market Update

Retail and whole­sale used truck chan­nels have been healthy. Vol­ume has been increas­ing, which will have its impact on pricing.

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