While down versus April, the wholesale used vehicle index is up versus May 2024.
Wholesale used-vehicle prices on a mix-, mileage-, and seasonally adjusted basis declined from April in the first 15 days of May. The mid-month Manheim Used Vehicle Value Index fell to 205.9, showing a rise of 4.4% from the full month of May 2024. The seasonal adjustment lowered the reading of the index for the month, as it was stronger than usual. The non-adjusted price change in the first half of May decreased by 1.1% compared to April, and the unadjusted price is 4.3% higher year over
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