The Manheim Used Vehicle Value Index slipped from 106.5 in July to 106.2 in August, marking the third consecutive monthly decline in wholesale used-vehicle prices on a mix, mileage, and seasonally adjusted basis. On a year-over-year basis, used-vehicle prices were up by a modest 0.7 percent. August’s decline in used-vehicle prices before the seasonal adjustment was -0.6 percent; after the seasonal adjustment it was a more modest -0.3 percent.

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