Wholesale Used Car Prices Increased in August; Down 3.9% Year-over-year

From Manheim Consulting today: Wholesale Used-Vehicle Prices Increased in August

Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were higher in August compared to July. The Manheim Used Vehicle Value Index (MUVVI) rose to 203.9, a decline of 3.9% from a year ago. The seasonal adjustment to the index mitigated the impact on the month, resulting in values that rose 1.2% month over month. The non-adjusted price in August increased by 2.2% compared to July, moving the unadjusted average price down 4.6% year over year.
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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 increased in August (seasonally adjusted) and were down 3.9% year-over-year (YoY).