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3 Straight Record Months in Manheim Used Vehicle Value Index

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Auto Remarketing, May 7, 2021 – Make that three straight months of records for the Manheim Used Vehicle Value Index.

The Cox Automotive business unit’s measure of wholesale car prices came in at 194.0 for April, which beat year-ago figures by 54.3% and was nearly a 15-point jump from the prior record set a month before (179.2). Mix, mileage and seasonally adjusted, wholesale values were up 8.3% from March, according to Manheim’s report.

Beyond the 54.3% overall spike in used-car prices last month, the gain for pickups was particularly noteworthy, as their values were up 77.9%.