Wholesale used vehicle prices (on a mix, mileage, and seasonally adjusted basis) increased significantly again in February (suggesting buyers have switched from new to used vehicles). Seasonally adjusted, February’s rise was 3.7%, which came on the heels of a 3.8% increase in January. The Manheim Used Vehicle Value Index now stands at 105.5, which represents a year-over-year decline of 2.4%. Manheim Consulting.
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