by Calculated Danger on 9/09/2024 09:08:00 AM
From Manheim Consulting as we speak: Wholesale Used-Car Costs Elevated in August
Wholesale used-vehicle costs (on a combination, mileage, and seasonally adjusted foundation) had been greater in August in comparison with July. The Manheim Used Car Worth Index (MUVVI) rose to 203.9, a decline of three.9% from a 12 months in the past. The seasonal adjustment to the index mitigated the affect on the month, leading to values that rose 1.2% month over month. The non-adjusted value in August elevated by 2.2% in comparison with July, transferring the unadjusted common value down 4.6% 12 months over 12 months.
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This index from Manheim Consulting is predicated on all accomplished gross sales transactions at Manheim’s U.S. auctions.
The Manheim index suggests used automobile costs elevated in August (seasonally adjusted) and had been down 3.9% year-over-year (YoY).
