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Used-vehicle values rise in January, bucking expectations

Manheim Used Vehicle Value Index jumped 2.5% MoM on a seasonally adjusted basis

Joey Pizzolato

Used-vehicle values increased sequentially in January on both a seasonally and non-seasonally adjusted basis as used retail sales gained momentum and dealers padded their inventory.   The Manheim Used Vehicle Value Index rose 2.5% month over month but decreased 11% year over year, bringing the index to 224.8. Prices jumped 1.5% MoM on a non-seasonally adjusted […]

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