The latest wholesale market analysis from RVI Group described price trends also highlighted by Manheim and Black Book for the opening month of the year.
In the United States, analysts determined the RVI Used Vehicle Price Index (UVPI) came in at 1.014 in January compared to 1.059 in December and 1.004 in January of last year. Analysts calculated the reading represented a decrease of 4.2 percent month-over-month but an increase of 1.0 percent year-over-year.
In Canada, analysts found that the RVI UVPI was 0.976 in January compared to 0.971 in December and 0.940 in January of last year. Analysts determined the Canadian UVPI ticked up 0.5 percent month-over-month and increased 3.8 percent year-over-year.
As previously reported in Auto Remarketing, the wholesale price movement both Manheim and Black Book spotted to round out 2018 continued into their analysis of January data.