Fleet Used Vehicle Prices Stay High in 2017
Wholesale used vehicle prices increased for six consecutive months in
2017, producing an 8.1% year-over-year rise. Even passenger car
pricing—recently dampened as consumer demand shifted toward utility
vehicles—enjoyed a rebound. According to Manheim, some of this pricing strength
can be attributed to Hurricanes Irma and Harvey, which affected supply by
removing about 1 million vehicles from the marketplace.