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 […]
Wholesale Used-Vehicle Prices Up Just 0.1% in First Half of August Compared to Last Month
Wholesale prices, however, are down almost 8% compared to last year. Retail prices down 4% year-over-year. Wholesale used-vehicle prices on a mix-, mileage-, and seasonally adjusted basis, increased 0.1% from July in the first 15 days of August. The mid-month Manheim Used Vehicle Value Index rose to 212.0, which was down 7.8% from the full […]
Wholesale Used-Vehicle Prices Declined in June
Prices were down on a monthly and yearly basis. Wholesale used-vehicle prices on a mix, mileage, and seasonally adjusted basis decreased 4.2% in June from May. The Manheim Used Vehicle Value Index (MUVVI), at 215.1, was also down 10.3% from a year ago. Lower used vehicle prices increase pressure on the number of total losses […]
Wholesale Used-Vehicle Prices Lower in First Half of June
Prices were down both on a monthly and yearly basis. Wholesale used-vehicle prices on a mix-, mileage-, and seasonally adjusted basis decreased 3.2% from May in the first 15 days of June. The midmonth Manheim Used Vehicle Value Index dropped to 217.3, which was down 9.4% from the full month of June 2022. The seasonal […]
Wholesale Used-Vehicle Prices See Large Increase in February
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% […]
Wholesale Used-Vehicle Prices Increase in January versus December
Prices are down year-over-year on comparison to historic highs last year. Wholesale used-vehicle prices, on a mix, mileage, and seasonally adjusted basis, increased 2.5% in January compared to December. The Manheim Used Vehicle Value Index (MUVVI) rose to 224.8, down 12.8% from a year ago. January’s increase was driven in part by the seasonal adjustment. […]
Wholesale Used-Vehicle Prices Continued to Decline in First Half of October
Used vehicle prices that support higher collision repair volumes are down month-over-month and year-over-year. According to the latest report from Cox Automotive, wholesale used-vehicle prices on a mix-, mileage-, and seasonally adjusted basis declined 2.0% from September in the first 15 days of October. The Manheim Used Vehicle Value Index fell to 200.5, which was […]
Wholesale Used-Vehicle Prices Continue to Decline in First Half of August
While down from the peak in May, prices are up nearly 9% over August 2021. Wholesale used-vehicle prices, on a mix-, mileage-, and seasonally adjusted basis, declined 3.6% from July in the first 15 days of August. The Manheim Used Vehicle Value Index fell to 211.6, which was up 8.8% from August 2021. The non-adjusted […]
Wholesale Used-Vehicle Prices Declined Slightly in July from Seasonal Adjustment
The Manheim Used Vehicle Value Index is still up 12.5% from a year ago. Wholesale used-vehicle prices, on a mix, mileage, and seasonally adjusted basis, decreased 0.1% in July from June. The Manheim Used Vehicle Value Index declined to 219.6, up 12.5% from a year ago. The non-adjusted price change in July decreased 3.2% compared […]
Manheim Partners with TechForce Foundation to Support Technician Workforce Development
With a growing industry shortage of qualified auto technicians, Manheim is partnering with the TechForce Foundation on its FutureTech Success campaign. The campaign is designed to attract students to become auto technicians and create a pipeline of talent within the industry for auto technicians. As an early supporter of this effort, Manheim has made a […]