Source: Manheim

Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 1.1 percent month-over-month in June. This brought the Manheim Used Vehicle Value reading to 129.3, which was a record high for the second consecutive month and represented a 2.5 percent increase from a year ago.

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Source: Automotive Fleet

Because of new safety test results, automotive supplier Takata Corp. is recalling an additional 2.7 million driver-side frontal air bag inflators that are at risk for rupturing, the National Highway Traffic Safety Administration reported.

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The national average gasoline price continues to move lower, falling to a level not seen since the Independence Day holiday in 2005, according to AAA.

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Source: Automotive Fleet

Wholesale auctions sold 9.8 million vehicles worth $100 billion in 2016 with the majority coming from dealer consignment, according to the National Auto Auction Association (NAAA). The association has been surveying its members for 20 years.

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