by calculated risk 10/07/2024 09:40:00 AM
From Mannheim Consulting today: Used car wholesale prices fell in September
Used car wholesale prices (on a configuration, mileage, and seasonally adjusted basis) in September fell compared to August. The Mannheim Used Vehicle Value Index (MUVVI) fell to 203.0. 5.3% decrease compared to previous year. Seasonal adjustment of the index amplified the monthly changes, as the non-seasonally adjusted values decreased slightly. The unadjusted price in September was down 0.1% compared to August, and the average unadjusted price was down 4.9% compared to the same month last year.
Emphasis added
Click on the graph to see a larger image.
This Manheim Consulting index 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 September, falling 5.3% year-on-year (year-on-year).
