User Vehicle Price Increase in the Last Year
Cox Automotive Inc. and Manheim data show wholesale used vehicle prices increased 3.1% in the first 15 days of December compared to the month of November. This brought the Manheim Used Vehicle Value Index to 239.8, a 48.9% increase from December 2020. As was the case in October and November, much of the monthly increase was a result of the seasonal adjustment. The non-adjusted price increase through mid-December was 0.7%.
Fort Schuyler Advisors