Prices were down over 13% from a year ago.
Wholesale used-vehicle prices, on a mix, mileage, and seasonally adjusted basis, were down in February compared to January and February 2023. The Manheim Used Vehicle Value Index (MUVVI) fell to 203.8, a decline of 13.1% from a year ago. The index was down 0.1% against the month of January 2024. The seasonal adjustment magnified February’s results. The non-adjusted price in February increased by 1.7% compared to January, moving the unadjusted average price down 11.0% year over year.
Declining used vehicle prices allow for less collision repair work to be performed prior
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