July 2025 Manheim Index: Wholesale Price Dip Signals Balanced Opportunity for Dealers

The latest data from the Manheim Used Vehicle Value Index (MUVVI) shows a modest 0.5% decline month-over-month, bringing the index to 207.4. While this marks a slight pullback from June, it still represents a 2.9% increase compared to July 2024, indicating that underlying market strength remains despite some cooling.

This leveling off comes after several months of pricing volatility driven by tariffs, inventory constraints, and segment-specific swings. For dealers, it presents a more stable environment to plan acquisitions and pricing strategies heading into Q3.

Key Trends Driving the July 2025 Index

• Non-adjusted values: -1.4% MoM, +3.0% YoY
• Auction conversion rates: 56.9%
• MMR Retention: 99.2%
• Luxury Vehicles: +6.8% YoY
• Compact Cars: -4.4% YoY

EV Market Performance

EV values remained a standout story:

• EVs: +8.3% YoY, -0.7% MoM
• Non-EVs: +5.7% YoY, +0.1% MoM

These trends suggest strong long-term EV value growth, but dealers should remain agile in the short term when sourcing electric inventory.

Retail & New Vehicle Dynamics

• Retail Used Sales: +1.7% MoM, +2.0% YoY
• Listing Prices: -0.2% MoM
• Days’ Supply: 46 days (down from 47)
• New Vehicle Sales: +9.3% MoM, +6.6% YoY

Consumer Sentiment and Fleet Impact

• Rental Risk Prices: +4.3% YoY
• Mileage on Rentals: -11.9% YoY
• Consumer Confidence: +2.1% in July

Dealer Takeaways

1. Use Price Cooling to Strategize: A slower price climb gives dealers room to refine retail pricing and rebalance inventory.
2. Watch Segment Performance: Luxury and SUVs remain strong, while compact cars continue to underperform.
3. Track EVs Closely: Despite short-term dips, EVs are appreciating faster YoY—timing your entry is key.
4. Leverage Inventory Tools: Use platforms like Laser Appraiser to stay dialed in with auction run lists, market insights, and live valuations.

To learn how Laser Appraiser keeps you ahead of market shifts, visit laserappraiser.com.