at Calculated Risk on 11/07/2024 09:50:00 AM
From Manheim Consulting today: Wholesale Used-Vehicle Prices Declined in October
Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were lower in October compared to September. The Manheim Used Vehicle Value Index (MUVVI) fell to 202.8, a decline of 3.2% from a year ago. The seasonal adjustment to the index reduced the change for the month, as non-seasonally adjusted values declined at a higher rate. The non-adjusted price in October decreased by 1.9% compared to September, moving the unadjusted average price down 3.7% year over year.
emphasis added
Click on graph for larger image.
This index from Manheim Consulting is based on all completed sales transactions at Manheim’s US auctions.
The Manheim index suggests used car prices decreased in October (seasonally adjusted) and were down 3.2% year-over-year (YoY).