Manheim Used Vehicle Value Index down on both a month-over-month and year-over-year basis.
Wholesale used-vehicle prices on a mix-, mileage-, and seasonally adjusted basis decreased 1.6% from October in the first 15 days of November. The mid-month Manheim Used Vehicle Value Index declined to 206.1, which was down 5.3% from the full month of November 2022. The seasonal adjustment reduced the decrease. The non-adjusted price change in the first half of November dropped 2.3% compared to October, while the unadjusted price was down 6.9% year over year.
Generally, declining prices allow for less collision repair work to be performed prior
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