Following an 11-week “summer bounce” in Manheim Market Report prices, September ended up being the third consecutive month of record used-vehicle values, according to Cox Automotive’s news release and analysis accompanying the latest Manheim Used Vehicle Value Index.
And though weekly prices evened out during the month, analysts are still expecting lofty used-vehicle prices to continue.
That’s driven by lower supply and projections for SUV volume to increase at auction, Cox said.
The Manheim Used Vehicle Value Index was up 3.7 percent year-over-year in September, reaching an all-time high of 139.9.