Wholesale Used Car Prices Increased in November; Up 0.2% Year-over-year

From Manheim Consulting today: Wholesale Used-Vehicle Prices Increase in November

Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) were higher in November compared to October. The Manheim Used Vehicle Value Index (MUVVI) rose to 205.4, an increase of 0.2% from a year ago. The seasonal adjustment to the index amplified the change for the month, as non-seasonally adjusted values declined slightly. The non-adjusted price in November decreased by 0.1% compared to October, moving the unadjusted average price down 1.0% 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 November (seasonally adjusted) and were up 0.2% year-over-year (YoY).