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Used-vehicle values surge in October, partly due to seasonal adjustments

Last month marked the first non-seasonally adjusted increase in the index’s history

Joey Pizzolato

The Manheim Used Vehicle Value Index hit another record in October, rising 9.2% month over month to 223.7 when adjusted for seasonality, a 38.1% year-over-year increase. Some of the price appreciation is the result of seasonal adjustments, as October usually brings “above average” vehicle depreciations, according to Manheim. Still, October 2021 was the first October […]

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