Manheim reports strong demand for used vehicles. While used vehicle prices are down versus July, they remain above year ago levels.
Wholesale used-vehicle prices on a mix-, mileage-, and seasonally adjusted basis decreased from July in the first 15 days of August. The mid-month Manheim Used Vehicle Value Index fell to 206.5, showing a rise of only 1.2% from the full month of August 2024.
The seasonal adjustment was responsible for the decline in the index in the month, as it was higher than typically seen. The non-adjusted price change in the first half of August rose 0.6% compared to
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