US EditionUsed vehicle pricing barometer jumps to highest level since 2023 amid auto tariffs
- The Manheim Used Vehicle Value Index for U.S. Wholesale prices rose to 208.2 in April 2025, its highest level since October 2023.
- This rise occurred after President Donald Trump introduced a quarter-century tariff rate on foreign vehicles and auto parts, which limited new car availability and increased buyer apprehension.
- Consumers rushed to buy used vehicles amid fears of higher prices, pushing the index up 2.7% from March, far above the typical monthly rise of 0.2%.
- Jeremy Robb, senior director at Cox Automotive, noted that the tariffs led to a noticeable increase in used vehicle prices. Despite a slight decline from the previous month, used vehicle sales were still 13% higher compared to the same period last year.
- The surge reflects industry supply constraints and tariff-driven costs, suggesting continued volatility in vehicle pricing and pressure on both used and new car markets through 2025.
13 Articles
13 Articles
Cox Automotive Says Tariffs Impacted Wholesale Used Car Prices in April
Wholesale used vehicle prices in the United States rose in April on both a monthly and annual basis, driven up by the impact of tariffs, automotive services company Cox Automotive said in a May 7 statement. The Manheim Used Vehicle Value Index, an indicator of pricing trends in the used vehicle market, jumped by 4.9 percent year-over-year last month to 208.2—the highest reading since October 2023. Compared with March, the index was up 2.7 percen…
Used car prices jump to highest level since 2023 as auto tariffs squeeze consumers
Used car buyers are getting hit by higher prices for used cars as the auto market adjusts to President Donald Trump's 25% tariffs on auto imports.Used car prices in April were notably higher than in March, as the Manheim Used Vehicle Index rose to 208.2 — which amounts to a 2.7% increase from March and is 4.9% higher than last year. That's the highest reading for the index since October 2023."We expected to see strong price appreciation in respo…
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