Market Insights
Providing Data-Backed Insights on the Wholesale and Used-Vehicle Markets
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.
203.3 ⇓0.2%
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) dropped from January in the first 15 days of February. The mid-month Manheim Used Vehicle Value Index fell to 203.3, now showing a decline of 0.2% from the full month of February 2024. The seasonal adjustment countered the February non-adjusted price increase. The non-adjusted price change in the first half of February rose 1.0% compared to January, and the unadjusted price is up 0.4% year over year. The average move for the month of February is an increase of nearly a full percentage point on non-adjusted values, indicating the appreciation observed thus far is lower than normal and the reason for the negative seasonal adjustment.
Manheim Market Insights Video
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.
Looking for more data and insights?
Visit the Cox Automotive Newsroom for additional data, insights and perspectives on the economy and auto industry. Have data or insight questions or requests? Contact the team at manheim.data@coxautoinc.com.