on Estimated risk per 07/08/2022 15:23:00
Today from Manheim Consulting: Wholesale prices for used cars fell in June due to seasonal adjustment
Wholesale prices for used cars (subject to combination, mileage and seasonal fluctuations) decreased by 1.3% in June compared to May. The Manheim Used Car Value Index fell to 219.9. 9.7% more than a year ago. Unadjusted price change in June was down 1.8% from May, resulting in an unadjusted average price up 10.7% year on year.
In June, the Manheim Market Report (MMR) values fell more in the last two weeks than in the previous two weeks.
This index from Manheim Consulting is based on all completed sales transactions at Manheim auctions in the USA.
The Manheim Index suggests that used car prices declined in June and rose 9.7% year on year (y/y).
Year-on-year changes are generally getting smaller. This index rose 45% year on year in January and is now up less than 10% year on year.