Prices declined month-on-month, but remain nearly 10% higher than a year ago on an adjusted basis. Wholesale used-vehicle prices on a mix, mileage, and seasonally adjusted basis decreased 1.3% in June from May. This brought the Manheim Used Vehicle Value Index to 219.9, up 9.7% from a year ago. The non-adjusted price change in June […]
Tight Used-Vehicle Inventory Pushes Prices Higher
The average listing price for used vehicles set another record in August as vehicle inventory dipped, according to the Cox Automotive analysis of vAuto Available Inventory data, though available supply fell, days’ supply held steady throughout August because sales slowed. Higher used vehicle prices are a positive factor for the collision repair industry as the […]
U.S. Auto Dealers Predict New Forms of Mobility to Drive Declines in Vehicle Ownership, Number of Dealerships
According to survey by Cox Automotive, dealers expect steeper decline in personal vehicle ownership than consumers. Auto dealers and consumers are more closely aligned on the future of mobility than many industry experts might imagine with both expecting significant reductions in personal vehicle ownership. In fact, dealers are predicting an even sharper decline in ownership […]
Manheim Partners with TechForce Foundation to Support Technician Workforce Development
With a growing industry shortage of qualified auto technicians, Manheim is partnering with the TechForce Foundation on its FutureTech Success campaign. The campaign is designed to attract students to become auto technicians and create a pipeline of talent within the industry for auto technicians. As an early supporter of this effort, Manheim has made a […]