2 Straight Months of Record Wholesale Prices; What’s Next?
Friday August 7, 2020
Auto Remarketing, Aug. 11, 2020 – This metric measuring wholesale used-car prices has now hit all-time highs for two straight months, as a near 6% sequential lift in wholesale values pushed the index to 158.0, according to parent company Cox Automotive.
That reading beats year-ago figures by 12.5% and is nearly nine points higher than the previous record of 149.3 set in June.
In an analysis accompanying the index, Cox Automotive indicated that there was a 5.84% gain in wholesale prices in July when compared to June, adjusting for mix, mileage and seasonality.