Wholesale used vehicle prices fell 0.6% in January. Absent seasonal adjustment, decline in vehicle values was half that amount. January’s Manheim Used Vehicle Value Index reading of 123.4 represented a 1.8% decline from a year ago.
Hurricane Impact Waning and Auction Supplies from Commercial Consigners Rising:
Continued strength in retail market, however, kept decline in wholesale prices modest, for now.
January, Prices for Off-Rental Risk Units Sold at Auction:
Up on both a year-over-year and sequential basis, despite significantly higher volumes.
Mix of Auction Sales Shifted Toward Late-model, More Expensive Units:
Vehicles in $25K to $30K range had biggest percentage increase in volume over last year.