The Manheim Used Vehicle Value Index, which tracks prices of used vehicles sold at its US wholesale auctions declined 11.6% year-on-year in July of 2023, the most in six months. 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%). source: Manheim Consulting Inc.

Used Car Prices YoY in the United States averaged 3.55 percent from 1998 until 2023, reaching an all time high of 54.30 percent in April of 2021 and a record low of -14.90 percent in December of 2022. This page includes a chart with historical data for the United States Used Car Prices YoY. United States Used Car Prices YoY - data, historical chart, forecasts and calendar of releases - was last updated on August of 2023.

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United States Used Car Prices YoY



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-07-10 01:20 PM Jun -10.3% -7.6%
2023-08-07 01:50 PM Jul -11.6% -10.3%
2023-09-08 01:00 PM Aug -11.6%


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 MoM -1.60 -4.20 percent Jul 2023

United States Used Car Prices YoY
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
-11.60 -10.30 54.30 -14.90 1998 - 2023 percent Monthly
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