Prices index up for second month in a row, but is below historic levels last year.
Wholesale used-vehicle prices on a mix, mileage, and seasonally adjusted basis increased 4.3% in February from January according to the latest report from Manheim Consulting. This was the largest increase for the full month of February since 2009’s 4.4% rise. The Manheim Used Vehicle Value Index (MUVVI) rose to 234.5, down 7.0% 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% compared to January, moving the unadjusted average price
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