Prices were up month-over-month, but remain below last year.
Wholesale used-vehicle prices, on a mix-, mileage-, and seasonally adjusted basis, increased 0.5% from July in the first 15 days of August. The mid-month Manheim Used Vehicle Value Index increased to 202.6, which was down 4.5% from the full month of August 2023.
The seasonal adjustment softened the results for the month. The non-adjusted price change in the first half of August rose 1.6% compared to July, while the unadjusted price was down 5.2% year over year. The average rise for the month of August is an increase of four-tenths of
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