Prices were down nearly 15% compared to the full month in March 2023. Wholesale used-vehicle prices, on a mix-, mileage-, and seasonally adjusted basis, decreased 0.6% from February in the first 15 days of March. The midmonth Manheim Used Vehicle Value Index dropped to 202.6, which was down 14.9% from the full month of March […]
Wholesale Used-Vehicle Prices Declined in February
Prices were down over 13% from a year ago. Wholesale used-vehicle prices, on a mix, mileage, and seasonally adjusted basis, were down in February compared to January and February 2023. The Manheim Used Vehicle Value Index (MUVVI) fell to 203.8, a decline of 13.1% from a year ago. The index was down 0.1% against the […]
Wholesale Used-Vehicle Prices Continued to Decline in First Half of January
Prices that influence total loss rates were down both on a month-over-month basis and year-over-year. Wholesale used-vehicle prices on a mix-, mileage-, and seasonally adjusted basis, decreased 1.0% from December in the first 15 days of January. The midmonth Manheim Used Vehicle Value Index dropped to 201.9, which was down 10.2% from the full month […]
Used-Vehicle Values Fell Further in December
Values down 21% from all-time high reached in 2021. Following a downward trend that began in the second half of the year, 2023 ended with the Manheim Used Vehicle Value Index down 0.5% in December from November. The Manheim Used Vehicle Value Index (MUVVI) dropped to 204.0, down 7.0% from the previous year, a larger […]
Wholesale Used-Vehicle Prices Decreased in November
Prices were down on a month-over-month and year-over-year basis increasing pressure on total losses. Wholesale used-vehicle prices on a mix, mileage, and seasonally adjusted basis decreased 2.1% in November from October. The Manheim Used Vehicle Value Index (MUVVI) dropped to 205.0, down 5.8% from a year ago. Generally, declining prices allow for less collision repair […]
Wholesale Used-Vehicle Prices Decline in First Half of November
Manheim Used Vehicle Value Index down on both a month-over-month and year-over-year basis. Wholesale used-vehicle prices on a mix-, mileage-, and seasonally adjusted basis decreased 1.6% from October in the first 15 days of November. The mid-month Manheim Used Vehicle Value Index declined to 206.1, which was down 5.3% from the full month of November […]
Wholesale Used-Vehicle Prices Up in September Month-Over-Month
Prices were down compared to last year’s record levels. Wholesale used-vehicle prices on a mix, mileage, and seasonally adjusted basis increased 1.0% in September from August. The Manheim Used Vehicle Value Index (MUVVI) rose to 214.3, down 3.9% from a year ago. Generally, higher used vehicle prices lower the number of total losses impacting the […]
Wholesale Used-Vehicle Prices Up Slightly in August
The decline in wholesale prices has stopped, though they remain down from the highs last year. Wholesale used-vehicle prices on a mix, mileage, and seasonally adjusted basis increased 0.2% in August from July. The Manheim Used Vehicle Value Index (MUVVI) rose to 212.2, down 7.7% from a year ago. Higher used vehicle prices allow for […]
Wholesale Used-Vehicle Prices See Smaller Decline in July
Prices were down over 11% year-over-year. Wholesale used-vehicle prices on a mix, mileage, and seasonally adjusted basis decreased 1.6% in July from June. The Manheim Used Vehicle Value Index (MUVVI) declined to 211.7, down 11.6% from a year ago. Lower used vehicle prices increase pressure on the number of total losses impacting the collision repair […]
Wholesale Used-Vehicle Prices Declined in June
Prices were down on a monthly and yearly basis. Wholesale used-vehicle prices on a mix, mileage, and seasonally adjusted basis decreased 4.2% in June from May. The Manheim Used Vehicle Value Index (MUVVI), at 215.1, was also down 10.3% from a year ago. Lower used vehicle prices increase pressure on the number of total losses […]