Earlier today, the Cox Automotive Industry Insights team, led by Chief Economist Jonathan Smoke, published Manheim's Used Vehicle Value Index for November. Commentary and the report are available here: http://bit.ly/1S5cXq6
* Wholesale used vehicle prices decreased 1.29% month-over-month in November.
* The Manheim Used Vehicle Value Index is 134.5, a 7.8% increase from a year ago and the lowest level since August.
* Though wholesale market values saw strength in the spring and summer as a result of growing retail demand, most of the gains since August were a result of the recovery following Hurricane Harvey and Hurricane Irma. As has been the case with prior devastating storms, used vehicle prices are now returning to pre-storm levels.
The Q4 2017 Manheim Used Vehicle Value Index will be published early next month. At that time, Smoke and his team will host a conference call to comment on the results. Look for an invitation to the January call later this month.
As always, thank you for your interest.
Senior Manager | Public Relations