/biz/ - Business & Finance

it's already inflationary, used car prices have gone up 16 percent since last year, houses are similar and so is food.

>>24834615
Used Pickup trucks and luxury cars

seriously, this year used car prices have gone up 16%, outperforming most indexes.

>Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.07% month-over-month in November. This brought the Manheim Used Vehicle Value Index to 162.0, a 16.6% increase from a year ago.

The non-seasonally adjusted monthly change was -1.2%, which was more in line with what we have been seeing in weekly price trends. The difference between the price metrics is primarily a result of the seasonal adjustment, which essentially left values unchanged from October. The last three years have averaged a 1.2% non-seasonally adjusted decline. Therefore, this November’s seasonally adjusted value was effectively unchanged.

Manheim Market Report (MMR) prices declined at a decelerating pace over the four full weeks of November, resulting in a 2.0% cumulative decline on the Three-Year-Old Index. In the last full week of November, the Three-Year-Old Index declined 0.3%, which was the smallest weekly decline in 11 weeks, and that decline was equal to the average decline for that week over the last seven years. MMR retention, which is the average difference in price relative to current MMR, averaged 99.5% for the four full weeks of November. The sales conversion rate averaged 52% over the same period, which was a decline from October and relatively low for this time of year.

On a year-over-year basis, all major market segments saw seasonally adjusted price increases in November. Luxury cars and pickup trucks outperformed the overall market, while most other major segments underperformed the overall market.

Source: https://publish.manheim.com/en/services/consulting/used-vehicle-value-index.html