by calculated risk 2024/11/07 09:50:00 AM
From Mannheim Consulting today: Used car wholesale prices fell in October
Wholesale used car prices (on a configuration, mileage, and seasonally adjusted basis) fell in October compared to September. The Mannheim Used Vehicle Value Index (MUVVI) fell to 202.8. 3.2% decrease compared to previous year. Seasonal adjustment of the index reduced the monthly change because the rate of decline in the non-seasonally adjusted values was higher. Unadjusted prices in October were down 1.9% compared to September, and average unadjusted prices were down 3.7% 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 October, dropping by 3.2% year-on-year (year-on-year).
