United States Used Car Prices MoM

The Manheim Used Vehicle Value Index for the US fell 0.3% mom in December 2024, following a 1.3% rise in November. Prices fell for compact cars (-0.3%), luxury (-0.5%), SUVs (-0.7%) and mid-size sedans (-0.9%) but rose 1% for the truck segment. Year-on-year, prices of used cars went up 0.4%, the biggest gain since August 2022. “The Manheim Index ended the year up 0.4% from last year, below the long-term average increase of 2.3%. Market participants experienced a bit of a roller coaster ride, with values depreciating more than normal in the first half but less in the second half, and we ended the year much closer to longer-term trends. With the tightness of current retail supply, lower lease maturities expected throughout the coming year, and the question of tariffs on new vehicles still up in the air, we expect to continue to see more normal depreciation patterns in 2025”, Jeremy Robb, senior director of Economic and Industry Insights at Cox Automotive, said.