While down month-over-month, prices were up slightly compared to October 2024.
Wholesale used-vehicle prices on a mix-, mileage-, and seasonally adjusted basis decreased from September in the first 15 days of October. The mid-month Manheim Used Vehicle Value Index fell to 203.6, showing a gain of 0.4% from the full month of October 2024.
The seasonal adjustment amplified the impact for the month, as it was higher than typical. The non-adjusted price change in the first half of October fell 3.4% compared to September, and the unadjusted price is higher by 0.6% year over year. The average move for the
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