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From Manheim Consulting today: Wholesale Used-Vehicle Prices Decline in March from Seasonal Adjustment
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) declined 3.3% in March from February. The Manheim Used Vehicle Value Index declined to 223.5, which was up 24.8% from a year ago. The non-adjusted price change in March was an increase of 0.6% compared to February, leaving the unadjusted average price up 23.2% year over year.
Manheim Market Report (MMR) values saw weekly price increases that accelerated in each full week of March after the first week saw the smallest decline of the year.
emphasis added
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This index from Manheim Consulting is based on all completed sales transactions at Manheim’s U.S. auctions.
Financial Services
