Wholesale Used Car Prices Decreased in July; Up 3% Year-over-year

by Calculated Risk on 8/07/2025 09:15:00 AM

From Manheim Consulting today: Wholesale Used-Vehicle Prices Decreased in July

Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were lower in July compared to June. The Manheim Used Vehicle Value Index (MUVVI) declined to 207.4, which is still an increase of 2.9% from a year ago, while lower than June levels by 0.5%. The seasonal adjustment muted the results for the month, as non-seasonally adjusted values overall fell more than usual for the month. The non-adjusted price in July decreased 1.4% compared to June, which now makes the unadjusted average price higher by 3.0% year over year.
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 increased in July (seasonally adjusted) and were up 2.9% YoY.