Wholesale Used Car Prices Increased in March, Down 2.4% Year-over-year

From Manheim Consulting today: Wholesale Used-Vehicle Prices See Modest Increase in MarchWholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) increased 1.5% in March from February. The Manheim Used Vehicle Value Index (MUVVI) rose to 238.1, down 2.4% from a year ago. March’s increase was moderated by the seasonal adjustment. The non-adjusted price change in March increased by 3.5% compared to February, moving the unadjusted average price down 2.9% year over year.
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This index from Manheim Consulting is based on all completed sales transactions at Manheim’s U.S. auctions.