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Manheim Index Sets Another Record

Manheim Index Sets Another Record Featured

The Manheim Used Vehicle Value Index reached a record high for the fourth consecutive month in August.
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.75 percent month-over-month in August and 3.4 percent year-over-year.  This brought the index to 131.3.
On a year-over-year basis, the mid-sized car category saw the largest decline (down 0.2 percent) in August, while pickups and vans saw gains greater than the overall market. Other car segments like compacts and luxury saw gains in August too.
The average price for rental risk units sold at auction in August was up 1 percent year-over-year, which was the first year-over-year increase since July 2016.  Rental risk prices were up 3 percent compared to July.  
Average mileage for rental risk units in August (at 41,700 miles) was 2 percent above a year ago.  

Last modified on Monday, 11 September 2017 01:42
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