Used Vehicle Wholesale Prices Increased Slightly in May

by Calculated Risk on 6/07/2022 09:15:00 AM

From Manheim Consulting today: Wholesale Used-Vehicle Prices Increase in May

Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.7% in May from April. The Manheim Used Vehicle Value Index rose to 222.7, which was up 9.7% from a year ago. The non-adjusted price change in May was an increase of 1.1% compared to April, leaving the unadjusted average price up 12.1% year over year.

Manheim Market Report (MMR) values saw a shift in price trends in May with prices increasing in the first three weeks but declining over the last two.
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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 increased in May and are up 9.7% year-over-year (YoY).

The YoY change is getting smaller.  This index was up 45% YoY in January, up 14% in April, and now up less than 10% YoY.