Tuesday, 08 September 2020 21:21

Wholesale Vehicle Prices Continue Record Streak

Written by Joe Overby, Auto Remarketing


Wholesale vehicle prices are on quite a hot streak.

The Manheim Used Vehicle Value Index climbed nearly 16% year-over-year in August and soared to a third straight record month.


Specifically, the index was at 163.7 for the month, up 15.8% from August 2019.


There was a 3.64% rise in wholesale prices (adjusted for mix, mileage and seasonality) from July, according to the Cox Automotive analysis accompanying the index.


August’s record index reading (163.7) beats the prior all-time highs set in July (158.0) and June (149.3), respectively.


The Manheim index wasn’t the only one to set a record in August.


Black Book said recently its Used Vehicle Retention Index was at an all-time high of 129.0, up 3 points from July and beating year-ago figures by 12.4 points.

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