Manheim Used Vehicle Value Index down both month-over-month and year-over-year.
Wholesale used-vehicle prices, on a mix, mileage, and seasonally adjusted basis, were down in May compared to April and last year. The Manheim Used Vehicle Value Index (MUVVI) fell to 197.3, a decline of 12.1% from a year ago. The seasonal adjustment to the index reduced the impact on the month, resulting in values that declined 0.6% month over month. The non-adjusted price in May decreased by 1.2% compared to April, moving the unadjusted average price down 11.4% year over year.
The continued decline is a headwind for collision repair
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