Volkswagen to Hold Vehicle Prices Steady Through May Amid Tariff Concerns

Wholesale used-vehicle prices surge despite weakening consumer sentiment

Wholesale used-vehicle prices saw a sharp increase during the first half of April. The mid-month Manheim Used Vehicle Value Index (MUVVI) rose to 207.1, a 4.3% jump from April 2024. Seasonal adjustments softened the price increase, but overall increases were above the normal trends. Tariffs were a major contributor to the price surge, and their impact on new vehicles influenced dealers to turn to used inventory. Cox Automotive‘s Senior Director …

Volkswagen to Hold Vehicle Prices Steady Through May Amid Tariff Concerns

Volkswagen said on Wednesday it will keep vehicle prices unchanged through the end of May, becoming the latest automaker to reassure consumers amid growing concerns that potential tariffs could drive up prices. The announcement follows similar commitments from other car manufacturers seeking to ease shopper anxiety and sustain sales momentum. Earlier this month, Hyundai Motor [...] The post Volkswagen to Hold Vehicle Prices Steady Through May Am…