- The March Index increased to 136.0, a 4.0% year-over-year increase.
- March increases in used-vehicle values offset drops in January and February declines.
- Midsize cars outperformed the overall market, while all other major segments underperformed the overall market.
A replay of the Q1 Manheim Used Vehicle Value Index Call hosted by Cox Automotive Chief Economist Jonathan Smoke and Zo Rahim, manager of economics and industry insights for Cox Automotive, is available below.
During the call, Jonathan and Zo presented Cox Automotive’s Manheim Used Vehicle Value Index, the automotive industry’s only used vehicle index that is both seasonally adjusted and adjusted for changes in mix and mileage of vehicles sold. They presented data through the first quarter that is used to calculate the Index, which is derived from vehicles sold at Manheim’s U.S. locations and across the digital channels in the Manheim Marketplace. Additionally, some findings from the most recent Cox Automotive Dealer Sentiment Index were presented along with some insights into impacts from potential tariff actions.
The Manheim Used Vehicle Value Index presentation is available for download here.
Mark your calendars for the Q2 Manheim Used Vehicle Value Index call scheduled for Monday, July 8 at 11 a.m. ET. If you would like to be added to the distribution list of Manheim commentary and call invitations, email us at Manheim.Data@coxautoinc.com.