From Manheim Consulting today: Wholesale Used-Vehicle Prices Decreased in February
Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were lower in February compared to January. The Manheim Used Vehicle Value Index (MUVVI) decreased to 204.1, which reflects a 0.1% increase from a year ago. The seasonal adjustment to the index drove the monthly move for the index, as non-seasonally adjusted values rose for the month. The non-adjusted price in February increased by 1.4% compared to January, moving the unadjusted average price up 0.8% year over year.
emphasis added
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This index from Manheim Consulting is based on all completed sales transactions at Manheim’s U.S. auctions.
The Manheim index suggests used car prices decreased in February (seasonally adjusted) and were up 0.1% YoY.
