Wholesale Prices Down in December, Up for 2019

By Staff Writer January 09, 2019

Wholesale used vehicle prices decreased 1.03 percent month-over-month in December.

This brought the Manheim Used Vehicle Value Index to 137.6, a 4.3 percent increase from a year ago.

Looking at trends in weekly Manheim Market Report (MMR) prices, December saw continued and more normal levels of depreciation. Three-year-old vehicles ended the month worth 2 percent more than they would normally have been worth had typical depreciation occurred instead of the abnormal appreciation observed this summer.

On a year-over-year basis, all major market segments saw price gains in December; but more affordable vehicles continued to see the greatest increase in values. Compact cars and midsize cars outperformed the overall market, while utility vehicles and pickups underperformed the overall market.

Last modified on Wednesday, 09 January 2019 14:45