Manheim Consulting’s monthly auto industry brief reported August 2011 wholesale used vehicle prices decreased when compared with July 2011’s numbers, down 1.7%. The Manheim Used Vehicle Value Index is still up 4.1% (123.7) over August 2010 when it was 118.8
Manheim said, even though the used car prices have decreased for the third straight month, they are still up over a year ago and that is contributed to lower wholesale supplies and increased demand in the retail market.
According to Manheim, the compact and midsize car segments have had the largest year-over-year price change both up over 9%, with compact cars up 11.3%. The SUV/CUV segment has had the lowest year-over-year price change with -5%.