Magazine for the professional car and truck rental industry.
Issue link: https://autorentalnews.epubxp.com/i/97296
M ARK E T DATA [REM ARK E T ING] MANHEIM USED VEHICLE VALUE INDEX 130 125 120 115 SOURCE: MANHEIM CONSULTING 110 105 100 95 Jan- Jan- Jan- Jan- Jan- Jan- Jan- Jan- Jan- Jan- Jan- Jan- Jan- Jan- Jan- Jan08 95 96 97 98 99 00 01 02 03 04 05 06 07 09 10 Jan- Jan12 11 This was supposed to be the year that used car prices returned to normal. Instead, car rental consignors enjoyed unexpectedly high values in 2012 ��� especially in the second quarter ��� coming close to the historic high-water mark set in 2011 in the second quarter. Expect the Index to stabilize in 2013, with manufacturers keeping inventory levels low and new vehicle prices as a component of the Consumer Price Index (CPI) at 15-year highs. ADESA: YEAR-ON-YEAR % CHANGE IN AUCTION AVERAGE PRICES 0-1 YEAR-OLD MODELS (THROUGH OCTOBER 2012) 20.0% 15.0% 10.0% SOURCE: ADESA ANALYTICAL SERVICES 5.0% 0.0% -5.0% -10.0% -15.0% Jan-00 Jan-01 Jan-02 Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10 Jan-11 Jan-12 Used car prices (including 0-1 year-old models, typically rental vehicles, shown here) swung dramatically upward coming out of the Recession. Prices remained high in 2012, dampening price swings and preventing severe spikes on this chart. With slowly loosening wholesale supply moving into 2013, auction prices should experience even smaller swings year over year. 16 Fact Book 2013 AUTO R ENTAL N EWS