Wholesale Vehicle Prices Hits New High
Vehicle wholesalers have submitted a report on the state of the used vehicle pricing trend based on mix and mileage and are showing nearly a 6% increase over March values. The value is up 26.2% over the same month last year and is a record high for the Manheim Used Vehicle Value Index.
As automotive dealers acquire inventory to sell, the wholesale prices often indicate an increase in retail prices. This trend has been ticking up over the last year as the pandemic has slowed new vehicle production in varying ways.
If you are interested to learn the impact of the wholesale market trend on your fleet, contact your Client Strategy Manager, today.