Used Vehicle Value Index Reaches Lowest Level Since July

By Staff Writer March 07, 2018

Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) remained flat month-over-month in February.

This brought the Manheim Used Vehicle Value Index to 131, which was a 5.1 percent increase from a year ago and the lowest level since last July.

On a year-over-year basis, all major market segments except midsize cars saw gains. Pickups and vans outperformed the overall market.

The average price for rental risk units sold at auction in February was up 4 percent year-over-year. Rental risk prices were up 2 percent compared to January. Average mileage for rental risk units in February (at 46,300 miles) was 11 percent above a year ago.

Last modified on Wednesday, 07 March 2018 21:42