Manheim Index Continues to Rise Featured
07 August 2017
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.75 percent month-over-month in July. This brought the Manheim Used Vehicle Value Index to 130.3, a record high for the third consecutive month and a 2.6 percent increase from a year ago.On a year-over-year basis, the midsized car category saw the largest decline (down 0.9 percent) in July, while pickups and vans saw gains greater than the overall market. Other car segments like compacts and luxury saw gains in July too.The average price for rental risk units sold at auction in July was down 2 percent year-over-year, which was a significant improvement over June. Rental risk prices were up 3 percent compared to June. Average mileage for rental risk units in July (at 41,400 miles) was 2 percent below a year ago.