Wholesale used-vehicle prices increased 0.58% month-over-month, bringing the Manheim Used Vehicle Value Index to 136.0, a 4.0% increase from a year ago.
Trends in Weekly Manheim Market Report prices reflect the traditional spring bounce in values, particularly in non-luxury vehicles. Three-year-old vehicle values in aggregate saw four straight weeks of price gains in the wholesale market that erased most of the price declines in January and February. The pattern is likely to continue for two to three more weeks, leading to higher prices relative to the start of the year.
Read the article at Cox Automotive.