United States Used Car Prices MoM

The Manheim Used Vehicle Value Index for the US fell 0.3% mom in December 2024, following a 1.3% rise in November. Prices fell for compact cars (-0.3%), luxury (-0.5%), SUVs (-0.7%) and mid-size sedans (-0.9%) but rose 1% for the truck segment. Year-on-year, prices of used cars went up 0.4%, the biggest gain since August 2022. “The Manheim Index ended the year up 0.4% from last year, below the long-term average increase of 2.3%. Market participants experienced a bit of a roller coaster ride, with values depreciating more than normal in the first half but less in the second half, and we ended the year much closer to longer-term trends. With the tightness of current retail supply, lower lease maturities expected throughout the coming year, and the question of tariffs on new vehicles still up in the air, we expect to continue to see more normal depreciation patterns in 2025”, Jeremy Robb, senior director of Economic and Industry Insights at Cox Automotive, said. source: Manheim Consulting Inc.

Used Car Prices MoM in the United States decreased to -0.30 percent in December from 1.30 percent in November of 2024. Used Car Prices MoM in the United States averaged 0.23 percent from 1997 until 2024, reaching an all time high of 9.20 percent in October of 2021 and a record low of -11.40 percent in April of 2020. This page includes a chart with historical data for the United States Used Car Prices MoM. United States Used Car Prices MoM - data, historical chart, forecasts and calendar of releases - was last updated on January of 2025.

Related	Last	Previous	Unit	Reference
Car Production	10.41	9.96	Million Units	Nov 2024
Car Registrations	247.70	221.50	Thousand	Oct 2024
Inflation Rate YoY	2.70	2.60	percent	Nov 2024
Inflation Rate MoM	0.30	0.20	percent	Nov 2024
Total Vehicle Sales	16.80	16.65	Million	Dec 2024
Used Car Prices MoM	-0.30	1.30	percent	Dec 2024
Used Car Prices YoY	0.40	0.20	percent	Dec 2024

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
	-0.30	1.30	9.20	-11.40	1997 - 2024	percent	Monthly	SA

News Stream

Used Car Prices in the US Fall in December

The Manheim Used Vehicle Value Index for the US fell 0.3% mom in December 2024, following a 1.3% rise in November. Prices fell for compact cars (-0.3%), luxury (-0.5%), SUVs (-0.7%) and mid-size sedans (-0.9%) but rose 1% for the truck segment. Year-on-year, prices of used cars went up 0.4%, the biggest gain since August 2022. “The Manheim Index ended the year up 0.4% from last year, below the long-term average increase of 2.3%. Market participants experienced a bit of a roller coaster ride, with values depreciating more than normal in the first half but less in the second half, and we ended the year much closer to longer-term trends. With the tightness of current retail supply, lower lease maturities expected throughout the coming year, and the question of tariffs on new vehicles still up in the air, we expect to continue to see more normal depreciation patterns in 2025”, Jeremy Robb, senior director of Economic and Industry Insights at Cox Automotive, said.

2025-01-08

US Used Car Prices Rise For 1st Time in 3 Months

The Manheim Used Vehicle Value Index for the US jumped 1.3% month-over-month in November 2024, the first rise in three months, following a 0.1% drop in October. “The Thanksgiving holiday usually slows down the market, and it did this year, although it was very late in the month from a timing perspective. This slowdown caused a slightly sharper decline in values at month-end than usual. However, tight supply in wholesale and retail markets will support healthy dealer demand through the final month of the year”, said Jeremy Robb, senior director of Economic and Industry Insights at Cox Automotive. Prices rose for the luxury segment (1.7%), SUVs (1.5%), midsize sedans (0.9%), pickups (0.6%), and compact cars (0.2%). EV prices increased 0.2% while non-EVs were up 1.3%. Year-on-year, prices for used cars rose 0.2%, the first annual gain since August 2022.

2024-12-06

US Used Car Prices Fall for 2nd Month

The Manheim Used Vehicle Value Index for the US edged down 0.1% month-over-month in October 2024, following a 0.5% fall in September. “Wholesale values were a bit weaker against what we normally see in October, and trends may have been impacted by business disruptions early in the month caused by hurricanes Helene and Milton coming back to back,” said Jeremy Robb, senior director of Economic and Industry Insights at Cox Automotive. Prices declined for SUVs (-0.9%) and the luxury segment (-1.2%), were steady for compact cars and increased for midsize sedans (0.5%) and pickups (0.1%). Year-on-year, used car prices fell 3.2%, the smallest annual decline since March 2023. Prices for pickups declined the most year-on-year (-6%), followed by SUVs (-3.9%), compact cars (-3.5%), luxury (-3%) and midsize sedans (-3%).

2024-11-07