Wholesale Price Reach Highest Level This Year

By Staff Writer July 10, 2018

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

This brought the Manheim Used Vehicle Value Index to 134.9, which was a 4.3 percent increase from a year ago and the highest level since last October.

Prices remain higher now compared to where they were at the beginning of the year than any of the last three years.

On a year-over-year basis, all major market segments except luxury cars saw price gains in June. Compact cars, midsize cars, and SUVs/CUVs outperformed the overall market, while vans and pickups underperformed the overall market.

Last modified on Tuesday, 10 July 2018 23:13

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