Wholesale Prices Rebound Featured

By Staff Writer February 10, 2020

Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.39 percent month-over-month in January, according to the Manheim Used Vehicle Value Index.

It brought the Index to 141.6, a 4.6 percent increase from a year ago, setting a record high for the Index.

Following a normalizing trend in weekly Manheim Market Report (MMR) prices at the end of 2019, January saw steady prices as expected. Three-year-old vehicle values in aggregate were down 0.2 percent for the month. Non-luxury vehicles in aggregate saw no decline, while luxury vehicles in aggregate saw a decline of 0.7 percent for the month, which is in line with historical performance. This January’s normal trend for prices was a marked improvement over last year’s declines.

On a year-over-year basis, most major market segments saw seasonally adjusted price increases in January. Luxury cars outperformed the overall market, while most other major segments underperformed the overall market.

Rate this item
(0 votes)
Last modified on Thursday, 13 February 2020 15:05

Trending News

Study: GM Boosts Economy

Study: GM Boosts Economy

Feb 25, 2020 Rate: 0.00

Website Names Top Car Interiors

Website Names Top Car Interiors

Feb 25, 2020 Rate: 0.00