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Manheim Index Reaches Record High for Fifth Consecutive Month

Posted By GMbeat on Articles

http://www.fi-magazine.com - The Manheim Used Vehicle Value Index reached a record high for the fifth consecutive month in September, increasing 6.3% from a year ago to 134.9. The reason, according to analysts with the firm, was replacement demand related to hurricanes Harvey and Irma, which drove up wholesale used-vehicle prices 2.77% on a month-over-month basis. On a year-over-year basis, all major market segments realized gains in value, including midsize cars. Luxury cars, pickups, and vans, however, outperformed the overall market.

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