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The Used Car News Report: Carvana and Optimism Grow

Wholesale Prices Reach Lowest Level in Six Months

Wholesale Prices Reach Lowest Level in Six Months Featured

Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 0.74 percent month-over-month in January. This brought the Manheim Used Vehicle Value Index to 131, which was the lowest level since last July. It was a 4.9 percent increase from a year ago.On a year-over-year basis, all major market segments except midsize cars saw gains. Luxury cars, pickups, and vans outperformed the overall market.The average price for rental risk units sold at auction in January was up 1 percent year-over-year. Rental risk prices were up 1 percent compared to December. Average mileage for rental risk units in January (at 44,600 miles) was 4 percent above a year ago.
Last modified on Thursday, 08 February 2018 02:41
United Auto Credit Honors Auctions

United Auto Credit Honors Auctions

United Auto Credit recently honored its 2017 top auction of the year, Dealers Auto Auction of the Southwest, during a ceremony at the Phoenix auction.United Auto Credit utilizes approximately 32...

Audi Recalls Cars for Incorrect Tire Labelling

Audi Recalls Cars for Incorrect Tire Labelling

Volkswagen Group of America Inc. is recalling 3,543 2014-2015 Audi S7 and 2016-2018 RS7 vehicles. The tire information label on these vehicles incorrectly lists the combined maximum weight as 1146...

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