Manheim delivers the world’s largest wholesale marketplace through a network of 111 physical, digital and mobile auction locations with 650+ digital lanes, serving more than 80,000 dealers. Every year, 8 million vehicles are offered for sale to dealers, and Manheim facilitates used-car transactions representing nearly $80 billion in value.
The Cox Automotive Economic and Industry Insights team analyzes the trove of data from Manheim transactions through the wide lens of additional data available across Cox Automotive to offer thoughtful analyses on the used wholesale and retail markets.
Manheim Used Vehicle Value Index (MUVVI): An industry benchmark, the MUVVI is a measurement of wholesale used-vehicle prices that is independent of underlying shifts in the characteristics of vehicles being sold. Published on the fifth business day of each month, the MUVVI serves as an early indicator of what will be seen in the retail used market. See the full Manheim Used Vehicle Value Index.
Wholesale Used-Vehicle Prices Increase in First Half of September
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 1.5% from August in the first 15 days of September. The midmonth Manheim Used Vehicle Value Index rose to 215.4, which was down 3.5% from the full month of September 2022. The seasonal adjustment assisted the increase. The non-adjusted price change in the first half of September increased 0.7% compared to August, while the unadjusted price was down 4.8% year over year.
This video provides a quick analysis of the used wholesale and retail markets, encompassing data and insights across the Cox Automotive ecosystem. This video is published each month after the mid-month MUVVI check-in is released, which covers the first 15 days of the month. Watch the latest Manheim Market Insights Video.