Wholesale Prices Decline Slightly Featured

By Staff Writer March 08, 2019 433

Wholesale used vehicle prices decreased slightly month-over-month in February.

The Manheim Used Vehicle Value Index fell to 135.2 in February from 135.4 in January. The Index rose year-over-year, from 131 in February 2018.

The Index adjusts wholesale prices for mix, mileage and seasonality.

February saw continued price depreciation similar to January and December. Prices declined in the first few weeks of the month, but then started to stabilize. Three-year-old vehicle values in aggregate depreciated at a faster pace than normal adding to the weak start of the year, but the most recent week points to stronger prices in March.
On a year-over-year basis, all major market segments saw seasonally adjusted price gains in February.

As was the case throughout 2018, more-affordable vehicles continued to see the greatest increase in values in February. Midsize cars outperformed the overall market, while utility vehicles and pickups underperformed the overall market.

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Last modified on Friday, 08 March 2019 01:30