Manheim Consulting’s monthly auto industry brief reported September 2011 wholesale used vehicle prices decreased for the fourth consecutive month down to 122.9. The Manheim Used Vehicle Value Index is still up 3.4% (122.9) over September 2010 when it was 118.9.
Manheim said, even though the used car prices have decreased for the fourth straight month, overall wholesale values today continue to be up.
Higher incentives, according to Manheim, not only helped increased pickup sales in September, it also residual sales too.
According to Manheim, the compact and midsize car segments have had the largest year-over-year price change both up over 8%, with compact cars up 9.2%. The SUV/CUV segment has had the lowest year-over-year price change with -4.9%.
Click here to read more of Manheim Consulting’s monthly auto industry brief reported September 2011