Wholesale Used Automotive Costs Decreased in October; Down 3.2% Yr-over-year

Date:

Share post:

by Calculated Threat on 11/07/2024 09:50:00 AM

From Manheim Consulting at this time: Wholesale Used-Automobile Costs Declined in October

Wholesale used-vehicle costs (on a combination, mileage, and seasonally adjusted foundation) had been decrease in October in comparison with September. The Manheim Used Automobile Worth Index (MUVVI) fell to 202.8, a decline of three.2% from a 12 months in the past. The seasonal adjustment to the index lowered the change for the month, as non-seasonally adjusted values declined at the next charge. The non-adjusted value in October decreased by 1.9% in comparison with September, shifting the unadjusted common value down 3.7% 12 months over 12 months.
emphasis added

Click on on graph for bigger picture.

This index from Manheim Consulting is predicated on all accomplished gross sales transactions at Manheim’s U.S. auctions.

The Manheim index suggests used automotive costs decreased in October (seasonally adjusted) and had been down 3.2% year-over-year (YoY).

Related articles

China ‘willing’ to interact in Trump dialogue because it backs exporters

Unlock the White Home Watch e-newsletter without costYour information to what the 2024 US election means for Washington...

Sharp fall in Eurozone exercise raises odds of half-point ECB price reduce

Keep knowledgeable with free updatesMerely signal as much as the Eurozone financial system myFT Digest -- delivered on...

Buyers say there isn’t a various to US equities

Unlock the White Home Watch e-newsletter totally freeYour information to what the 2024 US election means for Washington...

Poorer nations deride COP29 provide of $250bn to deal with local weather change

Unlock the Editor’s Digest without spending a dimeRoula Khalaf, Editor of the FT, selects her favorite tales on...