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Tuesday, 08 September 2020 21:21

Wholesale Vehicle Prices Continue Record Streak

Written by Joe Overby, Auto Remarketing

Index

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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