Sales of electrified vehicles hit a record in the third quarter, as one of the hottest segments in the U.S. automotive market continues to make waves throughout the industry, according to Kelley Blue Book, a Cox Automotive company. More than 200,000 electrified vehicles were sold in the three-month span of Q3 – a first – […]
Wholesale Used-Vehicle Prices Continued to Decline in First Half of October
Used vehicle prices that support higher collision repair volumes are down month-over-month and year-over-year. According to the latest report from Cox Automotive, wholesale used-vehicle prices on a mix-, mileage-, and seasonally adjusted basis declined 2.0% from September in the first 15 days of October. The Manheim Used Vehicle Value Index fell to 200.5, which was […]
September New Vehicle Sales Volumes Projected to Hold Steady at Low Level
Cox Automotive lowers full-year new-vehicle sales forecast. September U.S. auto sales, when confirmed next week, are expected to show a new-vehicle market mostly unchanged from previous months and still stuck in low gear. According to the Cox Automotive forecast, September U.S. new-vehicle sales are expected to finish near 1.10 million units, with a sales pace, […]
Wholesale Used-Vehicle Prices Declined Slightly in July from Seasonal Adjustment
The Manheim Used Vehicle Value Index is still up 12.5% from a year ago. Wholesale used-vehicle prices, on a mix, mileage, and seasonally adjusted basis, decreased 0.1% in July from June. The Manheim Used Vehicle Value Index declined to 219.6, up 12.5% from a year ago. The non-adjusted price change in July decreased 3.2% compared […]
Manheim Used-Vehicle Data Shows Signs of Market Normalcy After Unprecedented 2020 and 2021
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 […]