Wholesale Used Car Prices Increased in January; Up 0.8% Year-over-year
From Manheim Consulting today: Wholesale Used-Vehicle Prices Increased in JanuaryWholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) moved 0.4% higher in January compared to December, causing the Manheim Used Vehicle Value Index (MUVVI) to increase to 205.6, a gain of 0.8% from a year ago. The seasonal adjustment to the index muted the movement for the month, as non-seasonally adjusted values rose faster than seasonally adjusted values. The non-adjusted price in January increased by 0.6% compared to December, moving the unadjusted average price up 1.1% 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 U.S. auctions. The Manheim index suggests used car prices increased in January (seasonally adjusted) and were up 0.8% YoY.
From Manheim Consulting today: Wholesale Used-Vehicle Prices Increased in January Click on graph for larger image.
This index from Manheim Consulting is based on all completed sales transactions at Manheim’s U.S. auctions.
Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) moved 0.4% higher in January compared to December, causing the Manheim Used Vehicle Value Index (MUVVI) to increase to 205.6, a gain of 0.8% from a year ago. The seasonal adjustment to the index muted the movement for the month, as non-seasonally adjusted values rose faster than seasonally adjusted values. The non-adjusted price in January increased by 0.6% compared to December, moving the unadjusted average price up 1.1% 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 U.S. auctions.
The Manheim index suggests used car prices increased in January (seasonally adjusted) and were up 0.8% YoY.
