Wholesale Market Insights
Wholesale Market Insights
Through September 2019
Jonathan Smoke & Zo Rahim
1
TRANSFORMING THE WAY THE W ORLD BUYS, SELLS & OW NS CARS
3
Manheim Used Vehicle Value Index
Concept:
A single measure of used vehicle price change that is independent of underlying segment shifts in the characteristics of vehicles being sold
Steps:
All Manheim U.S. sales Classify by market segment Account for differences in mileage Weight to provide smoother segment mix Seasonally adjust
Wholesale Prices Decline to Lowest Level in 4 Months
Prices in September decreased 1.04% versus August 2019 and were flat compared to September 2018
145
140 139.9
135
130
125
120
115
110
105
100
95
January 1995 = 100
90
Jan-95
Jan-98
Jan-01
Jan-04
Jan-07
Jan-10
Jan-13
Jan-16
Jan-19
Source: Manheim/Cox Automotive
4
Used Vehicle Values Fade From Highs
25% 20% 15% 10%
5% 0% -5% -10% -15%
Jan-96
Year-over-year price performance now weaker than average
Jan-99
Jan-02
Jan-05
Jan-08
Jan-11
Jan-14
Source: Manheim/Cox Automotive
Jan-17
0.0%
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