Manheim Index Rises

By Staff Writer May 20, 2020

Wholesale used vehicle prices rebounded in the second half of May, raising the mid-month Manheim Used Vehicle Value Index to 133.0, a 5.74 percent increase from April, according to Manheim.

The wholesale used vehicle prices (on a mix-, mileage- and seasonally adjusted basis), however, showed a 4.8 percent decrease from May 2019.

Manheim Market Report (MMR) prices improved over the last two weeks, resulting in a 3.1 percent cumulative increase in the first two weeks of May on the Three-Year-Old Index.

In its report, Manheim stated, “Over the first 15 days of May, MMR Retention, which is the average difference in price relative to current MMR, was above 100 percent for all but one day and averaged above 101 percent. The MMR Retention trend reflected that vehicles were selling above current MMR values and was a clear reversal of what happened in late March and April.

“On a year-over-year basis, all major market segments saw seasonally adjusted price declines in the first 15 days of May. Luxury cars outperformed the overall market, while most other major segments underperformed the overall market.”

Used-vehicle retail sales – for the two-week period ending May 14 – were down 6 percent year-over-year on May 14. That was an improvement from the 67 percent year-over-year decline at the end of March.

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Last modified on Thursday, 21 May 2020 14:02