September Wholesale Prices Dip

By Staff Writer October 08, 2019

Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 1.04 percent month over month in September. The Manheim Used Vehicle Value Index is 139.9, flat from a year ago and off the record high for the index.

On a year-over-year basis, major market segments saw weak seasonally adjusted price gains in September, according to Weekly Manheim Market Report (MMR) prices. Luxury cars and vans outperformed the overall market, while most other major segments underperformed the market. Last year’s abnormal increase in consumer demand driven by tariff fears and rising interest rates makes it a tough year to match, according to Manheim.

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Last modified on Monday, 14 October 2019 19:01

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