Commentary & Voices
Wholesale Prices See Historic Fall in April
Thursday May 7, 2020
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 11.41% month over month in April. This brought the Manheim Used Vehicle Value Index (MUVVI) to 125.8, a 9.2% decrease from a year ago, and the lowest level in three years. Access the full report.
For 25 years, the MUVVI has been the definitive source on the state of the used vehicle market. Based on millions of individual valuations each year, it is the automotive industry’s only measure of used vehicle values that is seasonally adjusted and accounts for changes in mix and mileage of vehicles sold. The monthly data is derived from vehicles sold at Manheim’s U.S. locations and on its digital properties. Stock market analysts and media use the MUVVI as an indicator of the health of the economy and automotive industry.The complete suite of monthly MUVVI data is released the fifth business day of the month. If you have any questions regarding the Index itself, please contact the Cox Automotive Industry Insights team at Manheim.Data@coxautoinc.com.