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Natural Realignment Returning to Wholesale Market, Manheim Says

2013-04-15 06:47:16| AutomotiveDigest.com - Automotive Industry News

Tom Webb, Chief Economist at Manheim Consulting, sees wholesale used vehicle prices continuing to fall for the third month in a row. It appears that the market is returning to a more natural realignment with new vehicle prices. Retail used vehicle sales increased nicely during the first quarter of 2013, with higher off-lease and off-rental volumes leading to Trade-ins and end-of-term fleet units kept March retail sales strong, and the retail used vehicle market was also clearly be helped by Average mileage for all units sold in auction lanes continued to rise in the first quarter, while shifts in average mileage and volume sold by price tier Click here to read the complete Manheim Used Vehicle Value Index report for March The Article Natural Realignment Returning to Wholesale Market, Manheim Says appeared first on Automotive Digest.

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