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Friday, April 07, 2023

Wholesale Used Car Prices Increased in March, Down 2.4% Year-over-year

by Calculated Risk on 4/07/2023 11:09:00 AM

From Manheim Consulting today: Wholesale Used-Vehicle Prices See Modest Increase in March

Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) increased 1.5% in March from February. The Manheim Used Vehicle Value Index (MUVVI) rose to 238.1, down 2.4% from a year ago. March’s increase was moderated by the seasonal adjustment. The non-adjusted price change in March increased by 3.5% compared to February, moving the unadjusted average price down 2.9% year over year.
emphasis added
Manheim Used Vehicle Value Index 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 March (seasonally adjusted) and were down 2.4% year-over-year (YoY).