Wholesale Prices Rebound Featured

By Staff Writer February 10, 2020

Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.39 percent month-over-month in January, according to the Manheim Used Vehicle Value Index.

It brought the Index to 141.6, a 4.6 percent increase from a year ago, setting a record high for the Index.

Following a normalizing trend in weekly Manheim Market Report (MMR) prices at the end of 2019, January saw steady prices as expected. Three-year-old vehicle values in aggregate were down 0.2 percent for the month. Non-luxury vehicles in aggregate saw no decline, while luxury vehicles in aggregate saw a decline of 0.7 percent for the month, which is in line with historical performance. This January’s normal trend for prices was a marked improvement over last year’s declines.

On a year-over-year basis, most major market segments saw seasonally adjusted price increases in January. Luxury cars outperformed the overall market, while most other major segments underperformed the overall market.

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Last modified on Thursday, 13 February 2020 15:05

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