Market Insights – Cox Automotive Inc.

Wholesale Used-Vehicle Prices Increase in First Half of September 09/19/2023 Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 1.5% from August in the first 15 days of September. The midmonth Manheim Used Vehicle Value Index rose to 215.4, which was down 3.5% from the full month of September 2022. The seasonal adjustment assisted the increase. The non-adjusted price change in the first half of September increased 0.7% compared to August, while the… Read Article

Manheim Used Vehicle Value Index MUVVI Market Insights Data Point

Wholesale Used-Vehicle Prices See Minimal Increase in August 09/08/2023 Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) increased 0.2% in August from July. The Manheim Used Vehicle Value Index (MUVVI) rose to 212.2, down 7.7% from a year ago. “August brought a stop to wholesale price declines, though it was only a small reversal of the larger magnitude declines so far this spring and early summer,” said Chris Frey, senior manager of… Read Article

Manheim Used Vehicle Value Index MUVVI Market Insights Data Point

Wholesale Used-Vehicle Prices Increase Marginally in First Half of August 08/17/2023 Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.1% from July in the first 15 days of August. The midmonth Manheim Used Vehicle Value Index rose to 212.0, which was down 7.8% from the full month of August 2022. The seasonal adjustment diminished the increase. The non-adjusted price change in the first half of August increased 0.7% compared to July, while the… Read Article

Manheim Used Vehicle Value Index MUVVI Market Insights Data Point

Wholesale Used-Vehicle Prices See Smaller Decline in July 08/07/2023 Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) decreased 1.6% in July from June. The Manheim Used Vehicle Value Index (MUVVI) declined to 211.7, down 11.6% from a year ago. “The July drop of 1.6% is an indicator of slowing wholesale price declines, at least when compared to the month-over-month losses we’ve seen since April,” said Chris Frey, senior manager of Economic and… Read Article

Manheim Used Vehicle Value Index MUVVI Market Insights Data Point

Wholesale Used-Vehicle Prices Decline in First Half of July 07/18/2023 Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 1.0% from June in the first 15 days of July. The midmonth Manheim Used Vehicle Value Index dropped to 213.1, which was down 11.1% from the full month of July 2022. The seasonal adjustment mitigated the decline. The non-adjusted price change in the first half of July declined 3.0% compared to June, while the… Read Article

Manheim Used Vehicle Value Index MUVVI Market Insights Data Point

Q2 2023 Manheim Used Vehicle Value Index Call Replay Available 07/11/2023 A replay of the Q2 2023 Manheim Used Vehicle Value Index Call held on Monday, July 10, is available below. Cox Automotive Chief Economist Jonathan Smoke and Chris Frey, senior manager of Economic and Industry Insights for Cox Automotive, discussed the latest Manheim Used Vehicle Value Index and the major economic and industry trends that shaped the second quarter. Smoke and Frey were joined by Jeremy… Read Article

Manheim Used Vehicle Value Index MUVVI Market Insights Commentary & Voices

Manheim Report: Used Vehicle Values Fall for Third Straight Month; Wholesale Prices Down More Than 10% Year Over Year 07/10/2023 ATLANTA, July 10, 2023 – The Manheim Used Vehicle Value Index (MUVVI) declined to 215.1 in June, ending the first half of 2023 down 10.3% from a year ago. Additionally, wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) decreased by 4.2% in June. This decrease, a record for June, was impacted by the seasonal adjustment and other factors, including multiple holiday weekends. The… Read Article

Manheim Used Vehicle Value Index MUVVI Press Releases

Wholesale Used-Vehicle Prices See Large Decline in June 07/10/2023 Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) decreased 4.2% in June from May. The Manheim Used Vehicle Value Index (MUVVI) declined to 215.1, down 10.3% from a year ago. “The 4.2% drop is among the largest declines in MUVVI history and the largest decline since the start of the pandemic in April 2020 when the index plunged 11.4%,” said Chris Frey, senior… Read Article

Manheim Used Vehicle Value Index MUVVI Market Insights Data Point

Wholesale Used-Vehicle Prices Continue to Slide in First Half of June 06/19/2023 Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 3.2% from May in the first 15 days of June. The midmonth Manheim Used Vehicle Value Index dropped to 217.3, which was down 9.4% from the full month of June 2022. The seasonal adjustment contributed to some of the decline. The non-adjusted price change in the first half of June declined 2.6% compared to… Read Article

Manheim Used Vehicle Value Index MUVVI Market Insights Data Point

Wholesale Used-Vehicle Prices See Continued Declines in May 06/07/2023 Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) decreased 2.7% in May from April. The Manheim Used Vehicle Value Index (MUVVI) declined to 224.5, down 7.6% from a year ago. “Price erosion continued in May, with another month-over-month drop in the index bringing it 0.3 points below our January result,” said Chris Frey, senior manager of economic and industry insights for Cox Automotive.… Read Article

Manheim Used Vehicle Value Index MUVVI Market Insights Data Point