Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were lower in May compared to April. The Manheim Used Vehicle Value Index (MUVVI) declined to 205.2, representing a 4% increase from the same time last year and a 1.4% decline from April levels. The seasonal adjustment slightly lowered the decline seen in the month, as non-seasonally adjusted values fell more than usual following the strong increase in April related to the tariff announcement. The non-adjusted price in May decreased by 1.5% compared to April, resulting in an unadjusted average price that was 4% higher year over year.
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This index from Manheim Consulting is based on all completed sales transactions at Manheim’s U.S. auctions.