Manheim’s Used Vehicle Value Index rebounded as the year came to an end, increasing 2.5% year over year to 141.1.
In what is considered a “normalization” of vehicle values, 2019 ended with aggregate values falling “within 90% relative to the value at the beginning of the year,” the report noted. However, values were “well below” performance seen in the past two years.
December used wholesale SAAR is estimated to fall flat year over year at 40.0 million units, while the used retail SAAR is expected to increase to 20.1 million units, up from 19.6 million units in the prior year.
In addition, new vehicle inventories came in under 4 million units for the eighth consecutive month.
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