Used Car Prices Break Record
Wholesale used vehicle values reached an all time high this week, according to the Manheim Used Vehicle Value Index.
Specifically, the Manheim Index for September jumped to 118.5, up 6.8 percent from this past January.
Why the price hike? Low inventories is one reason, especially in the wake of Cash-for-Clunkers.
Manheim Consulting first started to track the data in January 1995.
Specifically, the Manheim Index for September jumped to 118.5, up 6.8 percent from this past January.
Why the price hike? Low inventories is one reason, especially in the wake of Cash-for-Clunkers.
Manheim Consulting first started to track the data in January 1995.
Tags: index, manheim, used.vehicle.values
Comment
-
Comment by David J Pilcher on October 16, 2009 at 6:01pm
- Unfortunately the market has gone very soft in last 3 weeks due to C4C pull forward. We are seeing the negative side of the C4C program and its effect on the retail used car side. I hope it was worth the $3 billion of our tax money. I don't think it was. Short term blip inside a longer term problem. Rob from Paul to pay Peter.
About
Events
© 2010 Created by JJ Hornblass.
Powered by 
.
You need to be a member of Inside Remarketing to add comments!
Join Inside Remarketing