From Manheim Consulting today: Wholesale Used-Vehicle Prices Decrease in June from Seasonal Adjustment
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 1.3% in June from May. The Manheim Used Vehicle Value Index declined to 219.9, up 9.7% from a year ago. The non-adjusted price change in June decreased 1.8% compared to May, leaving the unadjusted average price up 10.7% year over year.
In June, Manheim Market Report (MMR) values saw larger declines over the last two weeks than the prior two weeks.
emphasis added
Click on graph for larger image.
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 June and are up 9.7% year-over-year (YoY).
The YoY change is mostly getting smaller. This index was up 45% YoY in January, and now up less than 10% YoY.