by Calculated Risk August 7, 2024, 10:10 AM
From Mannheim Consulting today: Used vehicle wholesale prices rise in July
Used vehicle wholesale prices (mix-, mileage- and seasonally adjusted) were higher in July compared to June. The Mannheim Used Vehicle Value Index (MUVVI) rose to 201.6, down 4.8% year-on-year.Seasonal adjustment to the index magnified its impact for the month, increasing it by 2.8% from the previous month. Unadjusted prices in July increased 0.6% from June, while the average unadjusted price was down 5.9% year-over-year.
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The Manheim Consulting index is based on all sales transactions completed at Manheim’s U.S. auctions.
Used-car prices rose in July (seasonally adjusted), according to the Mannheim Index, and were down 4.8 percent year-on-year.
