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US DATA: Manheim Vehicle Prices Dip In Sept, CPI To See Belated Strength

US DATA
USGlobalEM BulletFixed Income BulletsData BulletBulletMarketsEmerging Market NewsForeign Exchange BulletsRegionNorth America
  • Manheim used vehicle prices declined 0.44% M/M in seasonally adjusted terms in September, revised from the -0.15% with the mid-month estimate.
  • It offers a small drop after two strong increases of 1.1% M/M in Aug and 2.8% M/M in Jul.
  • Typical lags into the CPI data mean that analysts are only just looking for this prior strength to show up in Thursday’s CPI release. We’re still collating views but we’ve seen an average estimate of 0.9% M/M (range 0.3-1.7) for September used car prices after -1.0% M/M in Aug. 
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  • Manheim used vehicle prices declined 0.44% M/M in seasonally adjusted terms in September, revised from the -0.15% with the mid-month estimate.
  • It offers a small drop after two strong increases of 1.1% M/M in Aug and 2.8% M/M in Jul.
  • Typical lags into the CPI data mean that analysts are only just looking for this prior strength to show up in Thursday’s CPI release. We’re still collating views but we’ve seen an average estimate of 0.9% M/M (range 0.3-1.7) for September used car prices after -1.0% M/M in Aug.