Manheim Used Vehicle Value Index Released for August

Tom Webb
Chief Econ­o­mist
Man­heim Con­sult­ing

Whole­sale used vehi­cle val­ues dropped for the fifth straight month, bring­ing the Man­heim Used Vehi­cle Val­ue Index to 120.7, down 2.4% from a year ago. The August drop was less than each of the three pri­or months, and adjust­ments will like­ly be less severe going for­ward.

Click here to read Man­heim Consulting’s August Index report

Keep Things in Per­spec­tive from a His­tor­i­cal View­point:
Whole­sale prices still up 24% from trough in Q4 2008, and down 6% from record high in May 2011.

Cer­ti­fied Pre-owned Vehi­cle Sales Reached High­est August Lev­el Ever:
Even though chal­lenge of find­ing ade­quate qual­i­fy­ing inven­to­ry remained intense.

Increased Pres­sure from New Vehi­cle Mar­ket Took its Toll on Used Cars:
Despite ris­ing gas prices, resid­u­als for com­pact and mid­size cars con­tin­ued to fall at faster rate than did over­all mar­ket.

 

Tags:


0 Comments

    Leave a Reply

    Your email address will not be published. Required field are marked *.