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What does the Manheim Market Report (MMR) mean in Car Auction?

By Auto Auction Mall Team Updated: 06/06/2019 Posted: 11/26/2018

Manheim Market Report

MMR in the car business stands for Manheim Market Report, an indicator of wholesale prices.

Manheim is a company established in 1945 as a car auction company. It has grown to a very reputable company and its MMR is a baseline tool for wholesale car price determination. They base their price calculations on over 10 million transaction over the past 13-month period to .

These prices are considered some of the most accurate all around and have a 24-hour refresh frequency. The company itself notes that large volumes of data removes personal opinion and bias from price calculations with the huge amount of data being processed without any statistical interpretation.

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Further Read

Are Car Auction Prices Worth It?
What is the black book value of a car?
Buying Cars From Auctions: Common Terms Used at Auctions
Used Car Prices Increase Amid Rising Auction Volumes
What is a dealer vehicle?

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