by calculated risk May 7, 2024 09:06:00 AM
From Mannheim Consulting today: Used car wholesale prices fell in April
Used car wholesale prices (on a configuration, mileage, and seasonally adjusted basis) in April fell compared to March. The Mannheim Used Vehicle Value Index (MUVVI) fell to 198.4. 14.0% decrease compared to the previous year. Seasonal adjustments to the index magnified the results for the month, resulting in a 2.3% month-on-month decline. Unadjusted prices in April were down 0.6% compared to March, and average unadjusted prices were down 11.9% compared to the same month last year.
Emphasis added
Click on the graph to see a larger image.
This index from Manheim Consulting is based on all sales transactions completed at Manheim’s U.S. auctions.
According to the Mannheim Index, used car prices (seasonally adjusted) fell in April, dropping by 14.0% compared to the same month last year (year-on-year).
