Used Vehicle Wholesale Prices Decreased 1.3% in June

From Manheim Consulting today: Wholesale Used-Vehicle Prices Decrease in June from Seasonal Adjustment

Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 1.3% in June from May. The Manheim Used Vehicle Value Index declined to 219.9, up 9.7% from a year ago. The non-adjusted price change in June decreased 1.8% compared to May, leaving the unadjusted average price up 10.7% year over year.

In June, Manheim Market Report (MMR) values saw larger declines over the last two weeks than the prior two weeks.
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This index from Manheim Consulting is based on all completed sales transactions at Manheim’s U.S. auctions.

The Manheim index suggests used car prices decreased in June and are up 9.7% year-over-year (YoY).

The YoY change is mostly getting smaller.  This index was up 45% YoY in January, and now up less than 10% YoY.