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ARTICLE · 26 OCTOBER 2021

Wholesale Used-Vehicle Prices Hit Record Highs In September

Crowe
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The prices dealers pay for cars and trucks at Manheim auctions climbed to all-time highs in September, another sign of the disruption triggered by the cutbacks in new-vehicle production caused...

CanadaTransport
Crowe MacKay LLP
Crowe MacKay LLP
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WHOLESALE USED-VEHICLE PRICES HIT RECORD HIGHS IN SEPT., KEY INDEX SAYS

The prices dealers pay for cars and trucks at Manheim auctions climbed to all-time highs in September, another sign of the disruption triggered by the cutbacks in new-vehicle production caused by the global shortage of semiconductors. Wholesale values rose 27 percent last month from September 2020, according to Cox Automotive's Manheim Used Vehicle Value Index, which tracks prices of cars and trucks sold at auctions. Values in September were up 5.3 percent from August.

Source: Automotive News

TESLA HEADQUARTERS MOVING TO TEXAS AFTER MUSK'S CALIFORNIA FEUD

Tesla Inc. will move its headquarters to Austin, Texas, following through on a threat Elon Musk made last year when tensions between the billionaire and California boiled over months into the pandemic. The chief executive officer announced the plan Thursday during Tesla's annual shareholder meeting at the company's factory in Austin.

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