Used-Vehicle Prices Rising Steadily, Used EVs Surge 11%

Used-vehicle prices rising steadily, used EVs surge 11%

On the Dash: MUVVI rises to 213.1 in mid-May, up 3.8% from last year and 0.5% from April. Used EV prices surged 11.4% year over year, leading all vehicle segments. Affordability concerns are steering buyers toward older, lower-priced used vehicles. Wholesale used-vehicle prices continued to rise in mid-May, with the Manheim Used Vehicle Value Index (MUVVI) reaching 213.1. That’s up 3.8% from a year ago and 0.5% from April on a seasonally adjust…

Manheim Used Vehicle Value Index Edges Higher in Mid-May

Index was up both month-over-month and year-over-year. Wholesale used-vehicle prices ticked up in the first half of May, with the Manheim Used Vehicle Value Index rising 0.5% from April on a mix-, mileage- and seasonally adjusted basis and holding 3.8% above year-ago levels, Cox Automotive reported May 20. The index reached 213.1 through May 15, recovering modestly after the April reading slipped 1.6% to 211.9 from March’s multi-year high of 215…