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All major market segments saw seasonally adjusted prices that were higher year over year in May, except for pickups.
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Manheim Market Report values saw weekly price increases that accelerated in each full week of March after the first week saw the smallest decline thus far this year.
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The frenzied sales fever that pushed new car sales to record heights is cooling, with demand for pre-owned vehicles returning to more normal levels.
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The Bureau of Labor Statistics reports the cost of previously owned sedans, pickups, and SUVs climbed 10% in April, accounting for over one-third of the 0.8% CPI increase.
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Data shows strength in dealers bidding and buying across physical locations, Simulcast, Manheim Express, Manheim.com and OVE.
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New VolkswagenDirect and AudiDirect websites enable dealers to purchase fresh, off-lease inventory to stock their lots.
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Powered by vAuto, the new Manheim Dashboard gives Provision clients a leg up on the competition by bringing actionable data and insights to Manheim’s digital platforms.
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Program gives dealers greater confidence by expanding covered items on digital purchases.
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Manheim Express introduces new Concierge Inspection Guarantee; More than doubles the size of the Concierge force.
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Purchase deepens collaboration, delivers future innovations benefiting clients.
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