Apr 2024

Wholesale Used-Vehicle Market

Wholesale used-vehicle prices decreased by 1.9% from March during the first half of April according to the recent mid-month Manheim Used Vehicle Value Index. The index dropped 13.7% compared to this time last year.

All major market segments experienced declines year-over-year. Compared to the industry’s year-over-year decline of 13.7%, luxury was the only large segment outperforming the index overall, down 12.7%. Performing worse than the industry, SUVs were down 14% and pickups were off by 15%. Midsize cars fell by 16%, and compacts lost the most, falling by 17.1% year over year.