Manheim Consulting have reported that wholesale USA used vehicle prices are 5.8% higher than this time last year, and 16.4 % up on Jan 2009. Manheim state that the increase in used car value has come without a downside so far, but that the cause of higher prices does "stem from a negative, namely, the significant reduction in potential supply" of new cars, which are after all tomorrows' used cars.
Manheim also gives a year-on-year "market class" price change, the biggest increases were on Pickups (27% rise) and SUVs (25.8% rise), the biggest losses were from Compact cars (9.9% fall) and Midsize cars (3.4% fall). The full list of market classes and value changes is below :
Pickups - 27 % price rise
SUVs - 25.8 % price rise
Luxury Cars - 10.3 % price rise
Vans - 6.8% price rise
Midsize Cars - 3.4% price fall
Compact Cars - 9.9% price fall
Report compiled by Find a Part, Used Car Parts Search Specialists since 1978.
