icon-branding Inventory Icon icon-mail-hovericon-mail Marketing Icon icon-operationsicon-phone-hovericon-phone Product Training Icon Sales Icon Service Icon icon-social-fb-hovericon-social-fbicon-social-google-hovericon-social-googleicon-social-linkedin-hovericon-social-linkedinicon-social-rss-hovericon-social-rss icon-social-twitter icon-social-twitter-hovericon-social-twittericon-social-youtube-hovericon-social-youtube

COVID-19 BUSINESS UPDATES

View Details x

Latest Manheim Used Vehicle Value Index

Best July used-car SAAR since 2012

Share

Facebook Share Twitter Tweet Linkedin Share Email Email

Article Highlights

  1. In fact, not since 2012 has the July seasonally adjusted annualized rate for used cars been as high as it was last month.
  2. That’s according to the latest Manheim Used Vehicle Value Index report, which said used-car sales paced at an estimated 39.2 million SAAR last month.
  3. There was a 3-percent year-over-year gain in used-vehicle sales volume last month, and the annualized pace has climbed 1 percent, the report indicated.

In fact, not since 2012 has the July seasonally adjusted annualized rate for used cars been as high as it was last month.

That’s according to the latest Manheim Used Vehicle Value Index report, which said used-car sales paced at an estimated 39.2 million SAAR last month.

There was a 3-percent year-over-year gain in used-vehicle sales volume last month, and the annualized pace has climbed 1 percent, the report indicated.

Regarding the latter, private-party sales are leading the way, as they jumped 4 percent last month on an annualized basis.

Also strong were used-car sales for franchised dealers, which improved 2 percent on an annualized basis.

Read more›

Sign up here to receive bi-weekly updates on news and trends dominating the automotive industry.