Wholesale prices, however, are down almost 8% compared to last year. Retail prices down 4% year-over-year.
Wholesale used-vehicle prices on a mix-, mileage-, and seasonally adjusted basis, increased 0.1% from July in the first 15 days of August. The mid-month Manheim Used Vehicle Value Index rose to 212.0, which was down 7.8% from the full month of August 2022. The seasonal adjustment diminished the increase. The non-adjusted price change in the first half of August increased 0.7% compared to July, while the unadjusted price was down 7.6% year over year.
Lower used vehicle prices increase pressure on the number of
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