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LEGAL UPDATE: Sean Petersen, NIADA senior vice president of legal and governmental affairs, talks about recent legal issues affecting independent dealers.  One change in Nevada regulates the use of starter-interrupt and GPS devices.

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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Manheim Debuts Mobile Auction

Manheim Debuts Mobile Auction

Manheim celebrated the grand opening of Manheim Wilmington on Sept. 15. Manheim's mobile auction presence in Wilmington, S.C., is one of the company's longest tenured.
With two lanes equipped for...

FTC Approve Fuel Guide Changes

FTC Approve Fuel Guide Changes

The Federal Trade Commission announced that the agency has approved changes to the Fuel Economy Guide.Adopted in 1975, the Guide (formally, the “Guide Concerning Fuel Economy Advertising for New Automobiles”)...

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