Prices were up both month-over-month and year-over-year.
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,
Subscribers need to be logged in to see rest of this article. Please Login to access. If you're not a subscriber, click here for information on our satisfaction guaranteed subscription options.
Leave a Reply
You must be logged in to post a comment.