Wholesale used-vehicle prices edged higher in December on both a month-over-month and year-over-year basis. Overall market prices were up marginally during the month, led by the luxury segment and electric vehicles, while compact cars and pickups recorded the most significant declines.
The Manheim Used Vehicle Value Index rose to 205.5 in December, reflecting a 0.4% year-over-year increase for wholesale used-vehicle prices adjusted for mix, mileage, and seasonality. The December index was up 0.1% month over month to mark a second consecutive month of higher prices.
“Consumer spending trends showed signs of a slowdown in December, as affordability concerns caused many to pull back on the spending reins, translating to depreciation trends catching up a bit in wholesale markets over the month,” highlighted Jeremy Robb, senior director of Economic and Industry Insights at Cox Automotive. “As we moved into the holiday period, we saw seasonal patterns in used retail sales slowing down, while new retail sales increased against November trends but remained lower compared to 2024,” he added.
Related auto retail tickers: Carvana (CVNA), CarMax (KMX), Lithia Motors (LAD), AutoNation (AN), Asbury Automotive Group (ABG), CarGurus (CARG), Group 1 Automotive (GPI), Sonic Automotive (SAH), Penske Automotive Group (PAG), Vroom (VRM), Shift Technologies (SFTGQ), Rush Enterprise (RUSHA), Driven Brands (DRVN), Openlane (OPLN), ACV Auctions (ACVA), Cars.com (CARS), Tesla (TSLA), Toyota Motor (TM), Honda Motor (HMC), Nissan (NSANY), General Motors (GM), Rivian Automotive (RIVN), Lucid Group (LCID), Stellantis (STLA), and Ford Motor (F).