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.

Rate this item
(0 votes)
Last modified on Wednesday, 18 September 2019 14:48

Trending News

Interview with D.Hansen

Interview with D.Hansen

Jun 05, 2018 Rate: 0.00