The Manheim Used Vehicle Value Index, which tracks prices of used vehicles sold at its US wholesale auctions, decreased 4.4% year-on-year in April of 2023, 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 YoY in the United States averaged 3.68 percent from 1998 until 2023, reaching an all time high of 54.30 percent in April of 2021 and a record low of -14.90 percent in December of 2022. This page includes a chart with historical data for the United States Used Car Prices YoY. United States Used Car Prices YoY - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.

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United States Used Car Prices YoY

Calendar GMT Actual Previous Consensus TEForecast
2023-04-07 01:45 PM Mar -2.4% -7%
2023-05-05 01:30 PM Apr -4.4% -2.4%
2023-06-07 01:00 PM May -4.4%

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 MoM -3.00 1.50 percent Apr 2023

United States Used Car Prices YoY
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
-4.40 -2.40 54.30 -14.90 1998 - 2023 percent Monthly