Wholesale used vehicle prices rose by one percent in the month of October; Without seasonal adjustment, prices fell by more than one percent; The October Manheim Used Vehicle Value Index stood at 121.9, which represented a 0.7% decline from a year ago.
Biggest Seasonal Wholesale Pricing Swing Usually Occurs between September and October:
Rise in seasonally adjusted Index proof that, once again, manufacturers and dealers have had effective, well-managed, model-year transition.
October UV Sales, Like New, Reduced by Hurricane but Dealer Posted Strong Gain:
CPO sales remain on pace for new record of more than 1.8M unit sales in 2012.
Vehicles in $8K to $11K Price Range Continued Strongest Bidding in October:
In recent months, strength between various price tiers has evened out quite a bit.