Wholesale Prices Cool in September After Three Months of Record Highs

ATLANTA, Oct. 7, 2020 /PRNewswire/ — Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 1.58% month over month in September, the first month-over-month drop in wholesale values since May. The Manheim Used Vehicle Value Index for September was 161.2, a 15.2% increase from a year ago.

Manheim Market Report (MMR) prices declined at an accelerating pace over the four full weeks of September, resulting in a 2.9% cumulative decline on the Three-Year-Old Index. In the last full week of September, the Three-Year-Old Index declined 0.9%, which was the biggest weekly decline in 22 weeks. MMR Retention, which is the average difference in price relative to current MMR, averaged 99.5% for the four full weeks of September. The sales conversion rate averaged 58.8% over the same period, which was a decline from August and much more typical for this time of the year.

On a year-over-year

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Taw Motor Centre has luxury used cars at prices that might surprise you

Top quality used vehicles, from marques including Mercedes, Range Rover and Porsche, are among the range at Taw Motor Centre’s new Barnstaple showroom.

Opened in July, the showroom emphasises Taw Motor Centre’s position as a premium used car dealership for North Devon.

The October Used Car Sale will offer some great savings
The October Used Car Sale will offer some great savings

Throughout this month, you’ll be able to enjoy the October Used Car Sale event, where, for every vehicle purchased during October 2020, you’ll get a £250 deposit allowance, a 12 month warranty free of charge and two free of charge MOT’s.

But alongside the specialism in high-end used cars, customers will also find a range of other models – such as the Renault Clio – and prices that range from £7,500 up to around £40,000.

A Mercedes A Class at the Barnstaple showroom
A Mercedes A Class at the Barnstaple showroom

Mark Brend, the director, said: “Customers

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Those full-size pickups keep wholesale prices climbing





LAWRENCEVILLE, Ga. – 

Full-size pickups are built for hauling capability, and these particular vehicles certainly are carrying wholesale prices higher.

Referenced by KAR Global chief economist Tom Kontos, as well, Black Book senior vice president data science Alex Yurchenko described what full-size pickups did to wholesale prices as Black Book shared its Used Vehicle Retention Index for September.

According to the newest reading released on Monday, the index rose 1.8 percentage points from August to September to land at 130.8.

“Overall, the Index increased slightly in September,” Yurchenko said in a news release. “The increase was driven mostly by the strength of the full-size pickup segment in the first part of September as most of the other segments saw a drop in the index.

“We expect the continuation of weakening of most of the segments including full-size

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Pickup prices continue to be noteworthy in KAR Global’s latest wholesale data

CARMEL, Ind. – 

If Tom Kontos wanted to speak in the language of his nationality when describing wholesale prices for pickups, the KAR Global chief economist would say “idiaítera dynatós,” which is Greek for “particularly strong.”

Pickups are among the seven vehicle segments with wholesale prices at least 26% higher than a year ago, according to the August Kontos Kommentary released on Thursday.

Overall, KAR Global Analytical Services monthly analysis of wholesale used vehicle prices by vehicle model class showed that wholesale prices in August averaged $13,498 — up 0.9% compared to July, up 19.1% from pre-COVID/February and 20.1% higher than August of last year

“Wholesale used-vehicle prices continued to outperform expectations in August and well into September, especially when looked at on a year-over-year basis. On a month-over-month basis, however, August prices were fairly flat relative to July,” Kontos said.

“Weekly data on prices and conversion rates in late

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Lower discounts on new car prices point to long-term capacity cuts in Germany: study

BERLIN, Oct. 2 (Xinhua) — Dealer discounts on new car prices in Germany decreased for the first time in over ten years in September, said a study published by the Center for Automotive Research (CAR) on Friday.

“This is an extremely untypical result, because in September, carmakers usually try to get customers to buy again after the vacation period,” commented CAR Director Ferdinand Dudenhoeffer.

Lower discounts in September were a further sign that car manufacturers were sticking to their strategy of selling at higher prices while toning down sales promotion, according to the CAR.

“Sustainable sales or higher prices in the economic crisis are a clear sign that longer-term capacity cuts are being planned,” noted Dudenhoeffer.

According to the CAR, the market for car subscription offers in Germany was still in its infancy, but the dynamics were “enormous.” Increasing numbers of car manufacturers were expected to enter this new market

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How did the CRTC block its own wholesale internet prices?

Like a car in bad traffic, the CRTC’s wholesale internet rate has once again been halted, this time by the CRTC itself, the entity that issued it in the first place.

The new stay, announced on Sept. 28, came less than a month after the Federal Court of Appeal dismissed its stay on Sept. 11.

Why this matters

The new stay marks the latest development in the years-long bickering between independent internet service providers (ISP) and incumbent cable carriers. In Telecom Order 2019-288, the CRTC set a lowered wholesale internet price that incumbents claim would stifle their investments into Canada’s networks. They argued that the new pricing is below their rates and unsustainable, which could impact efforts to bring high-speed internet and 5G into rural areas.

Due to a cohort of factors–mostly heavy resistance by the incumbents–the CRTC’s new rates were never instantiated. The cost determination is complex and, if

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Average New-Vehicle Prices Rise 2.5% Year-Over-Year in September 2020, According to Kelley Blue Book

IRVINE, Calif., Oct. 1, 2020 /PRNewswire/ — The valuation analysts at Kelley Blue Book today reported the estimated average transaction price for a light vehicle in the United States was $38,723 in September 2020. New-vehicle prices increased $940 (up 2.5%) from September 2019, while raising $23 (up 0.1%) from last month.   

“New-car transaction prices have climbed year-over-year, but remained flat for the past few months,” said Sara Richards, an analyst for Kelley Blue Book. “This may indicate supply challenges experienced over spring and summer have been corrected and OEMs are finally able to build up stock. If automakers seek to recover sales lost earlier in the year, incentives could climb dramatically, and transaction prices could remain flat or even dip in the future.”

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Where to get the best toys of Christmas 2020 including prices, deals and the must haves

Christmas shoppers are starting early this year in the hope to bring that Christmas cheer ASAP.

There have been many stores release their top toys of the year, and here we have put all of them in one place for you.

Last years bestsellers included Collectable Blume Dolls, the BabyShark Fingerling, Fortnite Nerf guns and not forgetting the Paw Patrol Mighy Pups Jet Command Center.

Now let’s see what 2020 brings with tonnes of toys to give them those beaming smiles Christmas morning.

We will look at where to buy, how much they will set you back and most importantly the best deals and discounts available now.

We will look at the top retailers who usually sell out of the most popular picks each year including Argos, eBay, Amazon, TheToyshop, John Lewis and more.

Little Live Pets Gotta Go Flamingo


Where to get it?: Amazon

An interactive flamingo

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Shopify Prices Offerings of Class A Subordinate Voting Shares and Convertible Senior Notes

OTTAWA, Ontario–(BUSINESS WIRE)–Shopify Inc. (NYSE:SHOP) (TSX:SHOP) (“Shopify”) today announced the pricing of its previously announced public offering of 1,100,000 Class A subordinate voting shares (the “Offered Shares”) at a price to the public of US$900 per share (such offering, the “Equity Offering”) and its previously announced public offering of US$800,000,000 aggregate principal amount of convertible senior notes due 2025 (the “Notes”) (such offering, the “Note Offering”, and together with the Equity Offering, the “Offerings”). The gross proceeds from the Equity Offering, before underwriting discounts and offering costs, are expected to be US$990,000,000, and the gross proceeds from the Note Offering, before underwriting discounts and offering costs, are expected to be US$800,000,000. The Equity Offering and the Note Offering are not conditional upon one another.

Shopify has granted the Equity Underwriters (as defined below) an over-allotment option to purchase up to an additional 165,000 Class A subordinate voting shares

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Record-High Prices, But Unclear Yet If September Volume Up Or Down

For the month of September, one important measure of U.S. auto sales may be on track to achieve a small increase vs. the same month a year ago.

That would be the first time that’s happened since February, before businesses were shut down to limit the spread of the coronavirus, according to a forecast from J.D. Power and LMC Automotive.

A different forecast, from TrueCar’s ALG Inc., predicted sales would be down in September 2020 vs. September 2019.

However, both forecasts agree that with demand high and supplies of new vehicles relatively low, dealerships are getting top dollar.

The average transaction price for new cars and trucks is headed for a record $35,655 for September, beating the latest all-time high, which was set just one month earlier, in August 2020, according to the monthly forecast from

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