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Wholesale Used-Vehicle Prices See Large Increase in February
Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) increased 4.3{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} in February from January. This was the largest increase for the full month of February since 2009’s 4.4{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} rise. The Manheim Used Vehicle Value Index (MUVVI) rose to 234.5, down 7.0{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} from a year ago. February’s increase was driven partially by the seasonal adjustment. The non-adjusted price change in February was an increase of 3.7{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} compared to January, moving the unadjusted average price down 5.6{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} year over year. In February, Manheim Market Report (MMR) values saw increases that were not typical, culminating in a 2.4{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} increase in the Three-Year-Old Index over the last four weeks. Over the…
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Wholesale Used-Vehicle Prices Increase in January
Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) increased 2.5{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} in January compared to December. The Manheim Used Vehicle Value Index (MUVVI) rose to 224.8, down 12.8{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} from a year ago. January’s increase was driven in part by the seasonal adjustment. The non-adjusted price change in January was an increase of 1.5{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} compared to December, moving the unadjusted average price down 11.0{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} year over year. In January, Manheim Market Report (MMR) values saw price increases that were not typical, culminating in a 1.2{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} total increase in the Three-Year-Old Index over the last four weeks. In January, MMR values are typically little changed. Over the month of January,…