Page 20 - On The Move - Volume 18, Issue 3

Wholesale used vehicle prices (on slowed as the month progressed but remained higher
a mix-, mileage-, and seasonally than is typical for the month of May.
adjusted basis) increased 4.65%
month-over-month in May. This On a year-over-year basis, all major market segments
Jonathan Smoke brought the Manheim Used saw seasonally adjusted price increases in May. Pickup
Chief Economist Vehicle Value Index to 203.0, a trucks outperformed the overall market, while most other
Cox Automotive 48.2% increase from a year ago major segments underperformed the overall market.
Twitter - @smokeoncars and a record high for the Index.
Strong retail results for vehicle sales. According to Cox
Manheim Market Report (MMR) prices saw weekly Automotive estimates, total used vehicle sales were up
increases in May that slowed as the month progressed. 3% year-over-year in May. We estimate the May used
Over the four full weeks of May, the Three-Year-Old Index SAAR to be 41.0 million, up from 39.9 million last May
increased 6.2%. Over the month of May, MMR Retention, and flat compared to April. The May used retail SAAR
which is the average difference in price relative to current estimate is 22.4 million, up from 21.1 million last year and
MMR, averaged 100.9%. The sales conversion rate also flat month-over-month from April.

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