Skyrocketing used car prices hit a new peak since the year 2023, driven by undersupply and concerns over tariffs.
Used-vehicle wholesale prices saw a significant jump in April compared to March, as reported in the latest Manheim analysis. The Manheim Used Vehicle Value Index (MUVVI) experienced a notable year-over-year rise of 4.9%, with those levels also surpassing March's figures [1][2][4].
Although the specific month-over-month increase on a mix-, mileage-, and seasonally adjusted basis isn't explicitly mentioned in the study, various sources suggest a 4.3% year-on-year increase from April 2024 and a non-adjusted monthly growth of 2.7% from March to April 2025 [1][2][4]. However, for a precise adjusted figure comparing April to March, the sources are less forthcoming.
As the MUVVI climbed to 207.1 by mid-April, it's evident that the market for used vehicles remains robust and promising [1][2][4]. Keep an eye on this trend as it develops, as it could impact everything from individual car choices to fleet management decisions! 🚗📈🔥
- The Manheim Used Vehicle Value Index (MUVVI) reported a significant year-over-year rise of 4.9% in April 2025, surpassing March's figures.
- The rise in MUVVI might have been stimulated by a 4.3% year-on-year increase in prices from April 2024, according to various sources, although the exact month-over-month increase remains unspecified in the Manheim analysis.
- In the automotive industry, notably in transportation finance, the strong trend in used-vehicle prices can notably influence individual car choices and fleet management decisions.
- As the prices of used vehicles continue to climb, with the MUVVI reaching 207.1 by mid-April, it showcases the robust and promising state of the industry.
