Used Vehicle Value Index

By applying statistical analysis to its database of more than 5 million used vehicle transactions annually, Manheim has developed a measurement of used vehicle prices that is independent of underlying shifts in the characteristics of vehicles being sold. View the index methodology.

The Manheim Index is increasingly recognized by both financial and economic analysts as the premier indicator of pricing trends in the used vehicle market, but should not be considered indicative or predictive of any individual remarketer's results.

 

Wholesale Prices Continue To Fade From Record High

Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 1.03 percent month-over-month in December. This brought the Manheim Used Vehicle Value Index to 137.6, a 4.3 percent increase from a year ago.

Looking at trends in weekly Manheim Market Report (MMR) prices, December saw continued and more normal levels of depreciation. Three-year-old vehicles ended the month worth 2 percent more than they would normally have been worth had typical depreciation occurred instead of the abnormal appreciation observed this summer.

On a year-over-year basis, all major market segments saw price gains in December; but more affordable vehicles continued to see the greatest increase in values. Compact cars and midsize cars outperformed the overall market, while utility vehicles and pickups underperformed the overall market.

Positive results for vehicle sales in December. According to Cox Automotive estimates, used vehicle sales volume was up 0.3 percent year-over-year in December. We estimate the December used SAAR to be 40.0 million, up slightly from 39.9 million last December. Used vehicle sales volume increased 1 percent in 2018 leading to a full-year sales total of 39.6 million vehicles.

137.6 ⇑4.3%