"Wholesale Used-Vehicle Prices Decline Substantially in August"

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by Calculated Risk on 9/08/2022 10:41:00 AM

From Manheim Consulting today: Wholesale Used-Vehicle Prices Decline Substantially in August

Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) decreased 4.0% in August from July. The Manheim Used Vehicle Value Index declined to 210.8 but is up 8.4% from a year ago. The non-adjusted price change in August was a decline of 2.6% compared to July, leaving the unadjusted average price up 5.9% 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 decreased in August and are up 8.4% year-over-year (YoY).  

The YoY change is mostly getting smaller.  This index was up 45% YoY in January.  It is likely this index will be down YoY in September.

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Image and article originally from www.calculatedriskblog.com. Read the original article here.