Seasonal adjustment increased index month over month, but unadjusted prices are up over 5% compared to June 2024. Tariff impact on new vehicles influencing used vehicle market.
Wholesale used-vehicle prices on a mix, mileage, and seasonally adjusted basis were higher in June compared to May. The Manheim Used Vehicle Value Index (MUVVI) increased to 208.5, representing a 6.3% year-over-year increase and a 1.6% rise above May levels. The seasonal adjustment forced the index higher in the month, as non-seasonally adjusted values fell more than usual following the volatility induced by the tariff announcement. The non-adjusted price in June decreased 1.1%
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