Wholesale Used Car Prices Decreased in December; Up 0.4% Year-over-year
From Manheim Consulting today: Wholesale Used-Vehicle Prices Decreased in December
Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were lower in December compared to November. The Manheim Used Vehicle Value Index (MUVVI) fell to 204.8, an increase of 0.4% from a year ago. The seasonal adjustment to the index reduced the change for the month, as non-seasonally adjusted values declined at a higher rate. The non-adjusted price in December decreased by 0.8% compared to November, moving the unadjusted average price up 0.3% 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 decreased in December (seasonally adjusted) and were up 0.4% year-over-year (YoY).
Author Of article : Calculated Risk
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