The Manheim Used Vehicle Value Index, which tracks prices of used vehicles sold at its US wholesale auctions declined 3% month-over-month in April of 2023, the first drop in five months, and the biggest since September. The seasonal adjustment had a downward impact. Four of the eight categories lost less, between 0.8% and 2.8%, while compact cars were flat compared to March, and luxury and midsize cars lost slightly more at 3.3% each. Year-on-year, prices for used cars decreased 4.4%, an eighth straight month of falls, and 'it's likely not over yet', said Chris Frey, senior manager of Economic and Industry Insights for Cox Automotive. Pickups, compacts, and midsize cars lost less than the industry, at 0.2%, 3.4%, and 3.9%, respectively. Luxury lost 9%, and the remaining three segments declined between 5% and 7%. source: Manheim Consulting Inc.

Used Car Prices MoM in the United States averaged 0.28 percent from 1997 until 2023, reaching an all time high of 9.20 percent in October of 2021 and a record low of -11.40 percent in April of 2020. This page includes a chart with historical data for the United States Used Car Prices MoM. United States Used Car Prices MoM - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.

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United States Used Car Prices MoM



Calendar GMT Actual Previous Consensus TEForecast
2023-04-07 01:45 PM Mar 1.5% 4.3%
2023-05-05 01:30 PM Apr -3% 1.5%
2023-06-07 01:00 PM May -3%


Related Last Previous Unit Reference
Inflation Rate 4.90 5.00 percent Apr 2023
Inflation Rate MoM 0.40 0.10 percent Apr 2023
Total Vehicle Sales 15.05 16.09 Million May 2023
Car Registrations 289.90 284.90 Thousand Apr 2023
Car Production 1.95 1.87 Million Units Apr 2023
Used Car Prices YoY -4.40 -2.40 percent Apr 2023

United States Used Car Prices MoM
The Manheim Used Vehicle Value Index is a measure of used vehicle prices in the US which fall into one of the 20 market classes (i.e., excludes heavy trucks, motorcycles, etc). Manheim applies statistical analysis to its database of more than 5 million used vehicle transactions annually. The per-mile adjustment is based on a simple linear regression for price and miles for each market class based on data for the current month The Index is weighted based on a 24-month rolling average of past sales by market class.
Actual Previous Highest Lowest Dates Unit Frequency
-3.00 1.50 9.20 -11.40 1997 - 2023 percent Monthly
SA

News Stream
US Used Car Prices Fall for 1st Time in 5 Months
The Manheim Used Vehicle Value Index, which tracks prices of used vehicles sold at its US wholesale auctions declined 3% month-over-month in April of 2023, the first drop in five months, and the biggest since September. The seasonal adjustment had a downward impact. Four of the eight categories lost less, between 0.8% and 2.8%, while compact cars were flat compared to March, and luxury and midsize cars lost slightly more at 3.3% each. Year-on-year, prices for used cars decreased 4.4%, an eighth straight month of falls, and 'it's likely not over yet', said Chris Frey, senior manager of Economic and Industry Insights for Cox Automotive. Pickups, compacts, and midsize cars lost less than the industry, at 0.2%, 3.4%, and 3.9%, respectively. Luxury lost 9%, and the remaining three segments declined between 5% and 7%.
2023-05-05
US Used Car Prices Rise at Slower Pace
The Manheim Used Vehicle Value Index, which tracks prices of used vehicles sold at its US wholesale auctions, increased 1.5% month-over-month in March of 2023, the smallest rise in three months, moderated by the seasonal adjustment. It compares with a 4.3% surge in February, which was the biggest gain since October of 2021. Six of eight categories showed gains between 0.5% and 2.1% while vans were flat, and sports cars lost 1.6%. Meanwhile, prices for used cars went down 2.4% year-on-year, the least in six months. Seven of eight major market segments continued to see prices falling: midsize and compact cars lost 1.4% and 2.2%, respectively, while luxury cars lost 8%. Pickups showed a 0.6% increase.
2023-04-07
US Used Car Prices Rise for 3rd Month
The Manheim Used Vehicle Value Index, which tracks prices of used vehicles sold at its US wholesale auctions increased 4.3% month-over-month in February of 2023, the biggest gain since October of 2021. It was also the largest increase for a February month since 2009, partially reflecting the seasonal adjustment. All eight major segments saw significant price increases with gains of between 3.3% and 5.9%. Meanwhile, prices for used cars were down 7% compared to February 2022, the smallest decrease in five months. Pickups had the smallest decline at 3.9%, with compact cars, midsize cars, and vans losing less than the overall industry. Also, prices of luxury cars, SUVs, and sports cars were down 10.1%, 8.6%, and 7.4%, respectively.
2023-03-07