Manheim index shatters record fueled by February price jump
Chart courtesy of Cox Automotive.
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Friday, Mar. 5, 2021, 08:56 PM
Auto Remarketing Staff
ATLANTA -
Not only did soaring wholesale prices push the Manheim Used Vehicle Value Index to a new record, but the February reading also smashed the previous high by 5.5 points. Cox Automotive reported on Friday that wholesale used-vehicle prices (on a mix-, mileage- and seasonally adjusted basis) increased 3.79% month-over-month in February. That climb brought the […]