Used Car Prices Remain Strong Despite Increased Supply Of Off-Lease Vehicles

Still waiting for used-vehicle prices to fall?

Not yet, according to the Manheim Used Vehicle Value Index, whose August reading of 126.9 was the index’s fourth highest ever. The index started at 100 in January 1995 and is adjusted for vehicle mix, mileage and time of year.

Used-vehicle prices were expected to drop more precipitously this year because of the increased supply of off-lease vehicles. But that hasn’t happened.
 

MDarringer - 9/9/2016 11:30:42 PM

+1 Boost

It should read "Used Car Prices Remain Strong BECAUSE OF Increased Supply Of Off-Lease Vehicles". The flurry of highly subsidized short-term leases has bolstered the CPO offerings, so why--for example--buy a new Fusion when you can have a car that looks the same, but has taken the depreciation hit?

I'm pointing to the Fusion because, the lease returns we have rarely stay long on the used side of the store.