Wholesale Prices Reach New High Featured
09 October 2017
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 2.77 percent month-over-month in September. This brought the Manheim Used Vehicle Value Index to 134.9, which was a record high for the fifth consecutive month and a 6.3 percent increase from a year ago.On a year-over-year basis, all major market segments saw gains, including midsize cars. Luxury cars, pickups, and vans outperformed the overall market. The average price for rental risk units sold at auction in September was up 4 percent year-over-year. Rental risk prices were up 2 percent compared to August. Average mileage for rental risk units in September (at 42,200 miles) was 6 percent above a year ago.