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Attorney Eric Johnson and Allen Denson of Hudson Cook discuss regulatory issues at the recent National Alliance of Buy-Here, Pay-Here Dealers conference.

Manheim Index Reaches Record High

Manheim Index Reaches Record High Featured

Wholesale used vehicle prices increased 2.6 percent month-over-month in May. 
This brought the Manheim Used Vehicle Value Index to 127.9, which was a record high and represented a 2.8 percent increase from a year ago. The index adjusts wholesale prices for mix, mileage, and seasonality.
On a year-over-year basis, the mid-sized car category saw the largest decline (down 2.4 percent) in May, while pickups and vans saw gains greater than the overall market.
The average price for rental risk units sold at auction in May was down 2 percent year-over-year. Rental risk prices were down 1 percent compared to April.
SUV/CUVs accounted for 29 percent of rental risk sales in May versus 25 percent last May.  Compact cars’ share fell to 27 percent from 31 percent. 
Average mileage for rental risk units in May (at 38,900 miles) was 9 percent below a year ago.

Last modified on Thursday, 08 June 2017 03:09
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