Used Vehicle Wholesale Prices Increased Slightly in May

From Manheim Consulting today: Wholesale Used-Vehicle Prices Increase in May

Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.7% in May from April. The Manheim Used Vehicle Value Index rose to 222.7, which was up 9.7% from a year ago. The non-adjusted price change in May was an increase of 1.1% compared to April, leaving the unadjusted average price up 12.1% year over year.

Manheim Market Report (MMR) values saw a shift in price trends in May with prices increasing in the first three weeks but declining over the last two.
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Manheim Used Vehicle Value Index Click on graph for larger image.

This index from Manheim Consulting is based on all completed sales transactions at Manheim’s U.S. auctions.

The Manheim index suggests used car prices increased in May and are up 9.7% year-over-year (YoY).
The YoY change is getting smaller.  This index was up 45% YoY in January, up 14% in April, and now up less than 10% YoY.