Used-Vehicle Prices Fall in May: Manheim Index

Used-Vehicle Prices Fall in May: Manheim Index

Wholesale used-vehicle prices declined in May from the previous month, with sales prices at the retail level declining as well, automotive services company Cox Automotive said in a June 6 statement. The Manheim Used Vehicle Value Index, which measures pricing trends in the sector, fell 1.4 percent on a monthly basis in May. Jeremy Robb, senior director of Economic and Industry Insights at the company, said while wholesale price growth was “remar…

Retail and wholesale used-vehicle markets see softening in May

Wholesale used-vehicle prices declined in May, signaling a correction following an April price spike tied to tariff announcements. According to the Manheim Used Vehicle Value Index (MUVVI), seasonally adjusted wholesale prices fell 1.4% from April, settling at 205.2, though values remained 4% higher than the same time last year. Non-adjusted prices dropped 1.5% for the month. Manheim’s data also showed consistent weekly declines throughout May, …