The decline in wholesale prices has stopped, though they remain down from the highs last year.
Wholesale used-vehicle prices on a mix, mileage, and seasonally adjusted basis increased 0.2% in August from July. The Manheim Used Vehicle Value Index (MUVVI) rose to 212.2, down 7.7% from a year ago.
Higher used vehicle prices allow for more collision repair work to be performed prior to a vehicle being declared a total loss. The increase in used vehicle prices has been a major factor driving the growth in the collision repair market since the pandemic low.
“August brought a stop to wholesale
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