Manheim Index Drops 1.8% from Year Ago

Webb_Tom_Manheim_100

Tom Webb
Chief Economist
Manheim Consulting

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.

Click here to read Manheim Used Vehicle Value Index

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.

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