Wholesale Prices Reach New Record

By Staff Writer October 08, 2018

Wholesale used vehicle prices increased 0.14 percent month-over-month in September.

This brought the Manheim Used Vehicle Value Index to 139.9, which was a 3.7 percent increase from a year ago and a new record high for the Index. The Index adjusts prices for mix, mileage, and seasonality.

Looking at trends in weekly Manheim Market Report (MMR) prices, the abnormal summer bounce that started in June ended after 11 straight weeks of price appreciation. September saw several continued weeks of normalizing depreciation. Even after that normalization, 3-year-old vehicles are now worth 4.5 percent more than they would normally be worth had typical depreciation occurred instead of the appreciation observed this year.

On a year-over-year basis, all major market segments saw price gains in September. More affordable vehicles saw the greatest increases in values.

Compact cars and midsize cars outperformed the overall market, while vans, utility vehicles, and pickups underperformed the overall market.

Last modified on Tuesday, 09 October 2018 18:19

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