Given the current turbulence in the automotive marketplace, the Cox Automotive Economic & Industry Insights team is publishing its mid-month view of the wholesale market, including wholesale prices.
Wholesale used vehicle prices increased 4.4% in the first 15 days of July compared to the month of June. This brought the mid-month Manheim Used Vehicle Value Index to 155.9, an 11.0% increase from July 2019. If the mid-month value of the Manheim Index holds for the full month, the Index will set a record high for the second consecutive month.
Manheim Market Report (MMR) prices improved again over the last two weeks, resulting in a 2.9% cumulative increase in the first two weeks of July on the Three-Year-Old Index.
Access the Mid-Month Update for the full report.
The post Continued Record-Setting Performance For Wholesale Prices appeared first on Fleet Management Weekly.
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