by Calculated Risk on 6/06/2025 11:10:00 AM
From Manheim Consulting today: Wholesale Used-Vehicle Prices Increased in April
Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were lower in May compared to April. The Manheim Used Vehicle Value Index (MUVVI) declined to 205.2, representing a 4% increase from the same time last year and a 1.4% decline from April levels. The seasonal adjustment slightly lowered the decline seen in the month, as non-seasonally adjusted values fell more than usual following the strong increase in April related to the tariff announcement. The non-adjusted price in May decreased by 1.5% compared to April, resulting in an unadjusted average price that was 4% higher year over year.
emphasis added
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 decreased in May (seasonally adjusted) and were up 4% YoY.