Manheim Consulting’s monthly auto industry brief reported October 2011 wholesale used vehicle prices decreased for the fifth consecutive month down to 122.8. The Manheim Used Vehicle Value Index is also down slightly over October 2010 when it was 122.9.
Manheim said the reason for why wholesale used vehicle values have continued at high levels is because of the restricted wholesale supplies and retail demand.
According to Manheim, the compact and midsize car segments have had the largest year-over-year price change both up over 5%, with compact cars up 6.1%. The SUV/CUV segment has had the lowest year-over-year price change with -4.5%.