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.

 

Used Vehicle Values Increase Again for Record

Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.72 percent month-over-month in October. This brought the Manheim Used Vehicle Value Index to 140.9, a 3.4 percent increase from a year ago and a record high for the Index.

Looking at trends in weekly Manheim Market Report (MMR) prices, October saw continued normalizing depreciation. Even after that normalization, 3-year-old vehicles ended October worth 3.5 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, most major market segments saw price gains in October; but more affordable vehicles are seeing the greatest increases in values. Compact cars and midsize cars outperformed the overall market, while utility vehicles and pickups underperformed the overall market.

Mixed results for vehicle sales in October. According to Cox Automotive estimates, used vehicle sales volume was down 0.3 percent year-over-year in October. The annualized pace of used vehicle sales was up almost 1 percent over last year, led by franchised used vehicle sales (up 1 percent in October on an annualized basis) and private-party used vehicle sales (up 2 percent in October on an annualized basis). We estimate the October used SAAR to be 38.1 million, down slightly from 38.2 million last October.

140.9 ⇑3.4%