August Index Slips for Third Consecutive Month
The Manheim Used Vehicle Value Index slipped from 106.5 in July to 106.2 in August, marking the third consecutive monthly decline in wholesale used-vehicle prices on a mix, mileage, and seasonally adjusted basis. On a year-over-year basis, used-vehicle prices were up by a modest 0.7 percent. August’s decline in used-vehicle prices before the seasonal adjustment was -0.6 percent; after the seasonal adjustment it was a more modest -0.3 percent.
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