Manheim Used Vehicle Value Index shows seasonal decline despite strong demand. Wholesale used-vehicle prices on a mix, mileage, and seasonally adjusted basis were lower in March compared to February. The Manheim Used Vehicle Value Index (MUVVI) declined to 202.6, which is also a decrease of 0.2% from a year ago and also lower than the […]
New-Vehicle Sales Expected to Rise 9.6% in March
New vehicle transaction prices up over last year. Tariffs likely to increase used vehicle prices. Total new-vehicle sales for March 2025, including retail and non-retail transactions, are projected to reach 1,525,200, a 9.6% increase from March 2024 according to a joint forecast from J.D. Power and GlobalData. March 2025 has 26 selling days, one fewer […]
Insurance Information Institute Projects P/C Insurance Replacement Costs Outpacing CPI in 2025
The Insurance Information Institute (Triple-I) expects the pace of increase in average property/casualty insurance replacement costs to exceed increases in the consumer price index in 2025 and beyond as auto replacement costs rise for the first time since 2022 as CPI continues to decline. Triple-I’s replacement cost index for personal and commercial auto tracks changes […]
Used Car Market Undergoing Transition from Volatility to Stability
According to Edmunds’ Q3 Used Vehicle Report prices are down year-over-year, but remain far above pre-pandemic levels. The used vehicle market is experiencing a course correction after years of pricing volatility and other disruptions caused by early COVID-19-era supply chain setbacks. The average transaction price of a used vehicle in Q3 2023 declined 5.5% to […]
Wholesale Used-Vehicle Prices Up Just 0.1% in First Half of August Compared to Last Month
Wholesale prices, however, are down almost 8% compared to last year. Retail prices down 4% year-over-year. Wholesale used-vehicle prices on a mix-, mileage-, and seasonally adjusted basis, increased 0.1% from July in the first 15 days of August. The mid-month Manheim Used Vehicle Value Index rose to 212.0, which was down 7.8% from the full […]
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 […]
New-Vehicle Sales Projected Up 21.5% in July
Will mark fourth consecutive month of double-digit percentage growth. Total new-vehicle sales for July 2023, including retail and non-retail transactions, are projected to reach 1,320,982 units, a 21.5% increase from July 2022, according to a joint forecast from J.D. Power and GlobalData. Total sales of new vehicles this month are expected to reach 1,320,982 units, […]
Wholesale Used-Vehicle Prices Decline in April
After increasing during the first quarter, prices were down both month-over-month and year-over-year. Wholesale used-vehicle prices, on a mix, mileage, and seasonally adjusted basis, decreased 3.0% in April from March. The Manheim Used Vehicle Value Index (MUVVI) dropped to 230.8, down 4.4% from a year ago. “While values increased 8.6% through the first quarter from […]
New-Vehicle Sales Projected Lower on Continued Low Supply in November
J.D. Power and LMC Automotive project sales declines, but demand sustains record-high levels of prices and dealer profits. Used vehicle prices up. New-vehicle retail sales for November 2021 are expected to decline when compared with November 2020, according to a joint forecast from J.D. Power and LMC Automotive. Retail sales of new vehicles this month […]
Tight Used-Vehicle Inventory Pushes Prices Higher
The average listing price for used vehicles set another record in August as vehicle inventory dipped, according to the Cox Automotive analysis of vAuto Available Inventory data, though available supply fell, days’ supply held steady throughout August because sales slowed. Higher used vehicle prices are a positive factor for the collision repair industry as the […]