by Calculated Risk on 10/07/2025 02:11:00 PM
From Manheim Consulting today: Wholesale Used-Vehicle Prices Decline Slightly in September
Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were down slightly in September compared to August. The Manheim Used Vehicle Value Index (MUVVI) declined to 207.0, lower by 0.2% versus August levels but showing an increase of 2% from a year ago. The seasonal adjustment caused the index to decrease for the month, as non-seasonally adjusted values moved slightly higher in September. The non-adjusted price in September increased just 0.1% compared to August, moving the unadjusted average price higher by 2.1% year over year. The long-term move on average for non-seasonally adjusted values is a decline of 0.3% in the month, demonstrating that the unadjusted depreciation trends in September were less than normally seen.
emphasis added
This index from Manheim Consulting is based on all completed sales transactions at Manheim’s U.S. auctions.
The Manheim index suggests used car prices were declined slightly in September (seasonally adjusted) and were up 2% YoY.
