by Calculated Danger on 11/07/2024 09:50:00 AM
From Manheim Consulting as we speak: Wholesale Used-Car Costs Declined in October
Wholesale used-vehicle costs (on a combination, mileage, and seasonally adjusted foundation) have been decrease in October in comparison with September. The Manheim Used Car Worth Index (MUVVI) fell to 202.8, a decline of three.2% from a 12 months in the past. The seasonal adjustment to the index decreased the change for the month, as non-seasonally adjusted values declined at a better price. The non-adjusted value in October decreased by 1.9% in comparison with September, shifting the unadjusted common value down 3.7% 12 months over 12 months.
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Click on on graph for bigger picture.
This index from Manheim Consulting is predicated on all accomplished gross sales transactions at Manheim’s U.S. auctions.
The Manheim index suggests used automotive costs decreased in October (seasonally adjusted) and have been down 3.2% year-over-year (YoY).
