Used Car Prices MoM in the United States increased to -1.60 percent in July from -4.20 percent in June of 2023. source: Manheim Consulting Inc.

Used Car Prices MoM in the United States averaged 0.25 percent from 1997 until 2023, reaching an all time high of 9.20 percent in October of 2021 and a record low of -11.40 percent in April of 2020. This page includes a chart with historical data for the United States Used Car Prices MoM. United States Used Car Prices MoM - data, historical chart, forecasts and calendar of releases - was last updated on August of 2023.

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United States Used Car Prices MoM



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-07-10 01:20 PM Jun -4.2% -2.7%
2023-08-07 01:50 PM Jul -1.6% -4.2%
2023-09-08 01:00 PM Aug -1.6%


Related Last Previous Unit Reference
Inflation Rate 3.20 3.00 percent Jul 2023
Inflation Rate MoM 0.20 0.20 percent Jul 2023
Total Vehicle Sales 15.74 15.66 Million Jul 2023
Car Registrations 266.20 278.80 Thousand Jul 2023
Car Production 11.87 10.91 Million Units Jul 2023
Used Car Prices YoY -11.60 -10.30 percent Jul 2023

United States Used Car Prices MoM
The Manheim Used Vehicle Value Index is a measure of used vehicle prices in the US which fall into one of the 20 market classes (i.e., excludes heavy trucks, motorcycles, etc). Manheim applies statistical analysis to its database of more than 5 million used vehicle transactions annually. The per-mile adjustment is based on a simple linear regression for price and miles for each market class based on data for the current month The Index is weighted based on a 24-month rolling average of past sales by market class.
Actual Previous Highest Lowest Dates Unit Frequency
-1.60 -4.20 9.20 -11.40 1997 - 2023 percent Monthly
SA

News Stream
Used Car Prices in the US Fall the Least in 4 Months
The Manheim Used Vehicle Value Index, which tracks prices of used vehicles sold at its US wholesale auctions declined 1.6% mom in July 2023, indicating a slowdown in wholesale price declines, helped by the seasonal adjustment. Prices of all segments were down except sports cars (+1.6%). Prices for pickups lost 0.6%, while vans (-3.2%), compact cars (-2.8%), and luxury (-2.4%) fell the most. Year-on-year, prices of used vehicles went down 11.6%, but the index itself is now back to 211.7, the highest since April 2021. Prices fell for compact cars (-15.9%), midsize cars (-14.2%), luxury (-12.6%), sports cars (-12.1%), vans (-9.9%) and pickups (-6.6%). "Used retail inventory continues to rebuild; but with used retail sales also showing some summer strength, we do not foresee wholesale price declines of serious import through December”, said Chris Frey, senior manager of Economic and Industry Insights for Cox Automotive.
2023-08-07
Used Car Prices in the US Fall at Record Pace for June
The Manheim Used Vehicle Value Index, which tracks prices of used vehicles sold at its US wholesale auctions declined 4.2% mom in June 2023, a third consecutive decline, and the largest since April of 2020. Also, the June’s decrease was a record for the month and was slightly impacted by the seasonal adjustment. All segments were down, with sports cars, luxury, vans, and SUVs off less than the industry while compact (-6.6%) and midsize (-6.7%) cars fell the most. Year-on-year, prices for used cars slumped 10.3%, the biggest annual drop since January. "Auction prices were lower in the fall last year, and we expect these increasing year-over-year moves to shrink in the months ahead as the market normalizes. Buyers at auction look to have taken an early summer break, and while used retail inventory has been improving over the last several weeks, we are expecting less volatility in wholesale price movements through year-end”, said Chris Frey, senior manager for Cox Automotive.
2023-07-10
Used Car Prices in the US Fall for 2nd Month
The Manheim Used Vehicle Value Index, which tracks prices of used vehicles sold at its US wholesale auctions declined 2.7% mom in May 2023, following a 3% fall in April. The seasonal adjustment continued to have a downward impact. Prices decreased for compact (-2.4%) and midsize cars (-2.4%), luxury (-3%) and pickups (-4.3%) while prices for SUVs were flat and vans edged 0.2% higher. Year-on-year, prices for used cars decreased 7.6%, the biggest annual drop in four months. However, "the rate of decline might slow over the next several months as we encounter the lower prices seen at auction from May through November last year. Two consecutive reads in either measure do not a trend make, as used retail inventory is still below last year, and that tends to keep buyers at the auction, supporting prices”, said Chris Frey, senior manager of Economic and Industry insights for Cox Automotive.
2023-06-07