Thursday, January 20, 2022
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high mileage vehicles

Car dealers are cashing in on high mileage vehicles

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The chip shortage has caused remarkable pricing and profit shifts for new vehicles industry-wide, with some dealerships charging thousands more than MSRP. The pre-owned market – particularly vehicles three years old and under – is notoriously hot right now also, largely due to limited supply and inflated new car pricing. But new data in a […]
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Manheim Reports Used Vehicle Prices Hit Record High for Fifth...

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ATLANTA — The third quarter is one for the record books due to an especially active hurricane season, with wholesale used vehicle prices having increased 2.77 percent in September. The Manheim Used Vehicle Value Index – a measure of wholesale prices adjusted for mix, mileage and season – came to a reading of 134.9, which was a […]
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