Auto loans (Image: Shutterstock).

Automotive remarketing and wholesale auction volume were very strong in 2018. In early August, the market was seeing wholesale prices that were “unusually strong” for the time of year and depreciation rates were trending lower, according to Auto Remarketing. While some of the trends appeared to depend on the regional area of the country, overall conversions on consignment were good, and in places where physical auction participation numbers were lower, online auction attendance participation was also good.

Cox Automotive (Manheim Index) reported that wholesale used vehicle prices (on a mix-, mileage- and seasonally-adjusted basis) increased 2.01% month-over-month in August. That jump pushed the Manheim Index reading to 139.7, which was 6.4% higher than the previous year and the highest level for the series over its more than 20-year history, Auto Remarketing reported.

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