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Wholesale Used Car Prices Increased in April; Up 4.9% Year-over-year
From Manheim Consulting today: Wholesale Used-Vehicle Prices Increased in AprilWholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were much higher in April compared to March. The Manheim Used Vehicle Value Index (MUVVI) increased to 208.2, an increase of 4.9% from a year ago and also higher than March levels by 2.7%. This is the highest reading for the index since October 2023. The seasonal adjustment dampened the rise seen in the month, as non-seasonally adjusted values increased sharply on the back of the tariff announcement in early April. The non-adjusted price in April increased by 3.3% compared to March, moving the unadjusted average price up 4.3% year over year. emphasis added Click on graph for larger image. This index from Manheim Consulting is based on all completed sales transactions at Manheim’s U.S. auctions. The Manheim index suggests used car prices increased in April (seasonally adjusted) and were up 4.9% YoY.The tariffs are likely making some used cars more attractive.
From Manheim Consulting today: Wholesale Used-Vehicle Prices Increased in April Click on graph for larger image.
This index from Manheim Consulting is based on all completed sales transactions at Manheim’s U.S. auctions.
Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were much higher in April compared to March. The Manheim Used Vehicle Value Index (MUVVI) increased to 208.2, an increase of 4.9% from a year ago and also higher than March levels by 2.7%. This is the highest reading for the index since October 2023. The seasonal adjustment dampened the rise seen in the month, as non-seasonally adjusted values increased sharply on the back of the tariff announcement in early April. The non-adjusted price in April increased by 3.3% compared to March, moving the unadjusted average price up 4.3% year over year.
emphasis added
Click on graph for larger image.This index from Manheim Consulting is based on all completed sales transactions at Manheim’s U.S. auctions.
The Manheim index suggests used car prices increased in April (seasonally adjusted) and were up 4.9% YoY.
The tariffs are likely making some used cars more attractive.
