Manheim Used Vehicle Value Index (MUVVI) decreased 8.9% year-over-year to 196.1 in June, with wholesale prices down 0.6% month-over-month.
The Manheim Used Vehicle Value Index (MUVVI) declined to 196.1 in June, marking a 8.9% decrease from a year ago. Wholesale used-vehicle prices on a mix, mileage, and seasonally adjusted basis decreased 0.6% month-over-month for the second time in a row. The slowing decline and positive signs in demand suggest fewer significant declines in the second half of 2024 and potential growth. Fewer lease maturities are expected to impact used-vehicle inventory in the second half of the year.
July 09, 2024
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