Manheim Index Hits Record High Featured

By Staff Writer September 10, 2019

Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.62 percent month-over-month in August. This brought the Manheim Used Vehicle Value Index to 141.3, a 1.2 percent increase from a year ago and a record high for the Index.

After seeing stability in July in weekly Manheim Market Report (MMR) prices, depreciation returned in August but at a very low level. Three-year-old vehicle values in aggregate were down 0.5 percent for the month, when prices normally decline by at least 1 percent. As a result of low depreciation, the report stated, prices in aggregate in non-luxury remain higher than the beginning of the year. Last August saw price appreciation, which is why the year-over-year comparison in values is the weakest in more than two years.

According to Cox Automotive estimates, total used vehicle sales volume was up 1.8 percent year-over-year in August. It estimates the August used SAAR to be 39.8 million, up from 39 million last August and up slightly from July’s 39.7 million rate.

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Last modified on Tuesday, 10 September 2019 01:08

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