Author: News/Media Release

All major market segments saw seasonally adjusted prices that remained lower 12 months over 12 months in the primary half of August, yet the declines have been slowing recently. Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.5% from July in the primary 15 days of August, in response to the mid-month Manheim Used Vehicle Value Index released Aug. 19.The index increased to 202.6, which was down 4.5% from August 2023. The seasonal adjustment softened the outcomes for the month. The non-adjusted price change in the primary half of August rose 1.6% in comparison with July,…

The typical used-vehicle listing price was $25,415, up from the revised $25,246 initially of July but down 5% from a 12 months earlier. Used-vehicle inventory levels initially of August were lower than in July and down 3% from this time last 12 months, in keeping with the Cox Automotive evaluation of vAuto Live Market View data released Aug. 16.As August opened, the whole supply of used vehicles on dealer lots – franchised and independent – across the U.S. was at 2.17 million units, down from the two.22 million units initially of July.The dealer management system (DMS) outage that disrupted sales…

MMR values have been based on year-make-model-trim data, with additional manual adjustments available for mileage, region, condition and color. Nonetheless, a vehicle’s specific options and packages can boost or diminish its value in comparison with the standard configuration. The widely used wholesale vehicle valuation tool, Manheim Market Report (MMR), now includes automatic adjustments for factory-installed options and packages, Cox Automotive announced July 26.This enhancement is made possible through the combination of OEM construct data with Cox Automotive’s extensive first-party transaction data and proprietary modeling, making valuations more precise.As one in all the industry’s most trusted source of wholesale vehicle valuations,…