Seasonally adjusted wholesale prices declined on both a month-over-month and year-over-year basis.
Wholesale used-vehicle prices on a mix, mileage, and seasonally adjusted basis were down in March compared to February. The Manheim Used Vehicle Value Index (MUVVI) fell to 203.1, a decline of 14.7% from a year ago. The decline in the index was driven by the seasonal adjustment, resulting in a 0.4% month-over-month decrease. The non-adjusted price in March increased by 3.1% compared to February, moving the unadjusted average price down 11.4% year over year.
In March, Manheim Market Report (MMR) values saw weekly increases slightly below long-term averages
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