from Active calculated risk 05/08/2022 13:45:00
From Manheim Consulting today: Wholesale used vehicle prices drop minimally in July due to seasonal adjustment
Wholesale prices of used vehicles (on a mix, mileage and seasonally adjusted basis) decreased by 0.1% in July from June. The Manheim Used Vehicle Value Index fell to 219.6, up 12.5% from a year ago. The unadjusted price change in July decreased 3.2% from June, leaving the unadjusted average price up 10.2% yoy.
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This Manheim Consulting index is based on all sales transactions completed at Manheim auctions in the United States.
The Manheim Index suggests that used car prices fell slightly in July and increased 12.5% year-over-year (year-over-year).
The YoY change is getting mostly smaller. This index rose 45% year-on-year in January.