November 2025 Manheim Index: What Dealers Need to Know

The Manheim Used Vehicle Value Index (MUVVI) increased to 205.4 in November, a 1.3% month-over-month rise. Non-adjusted prices fell 0.3% MoM and are flat YoY, indicating depreciation eased versus typical seasonality. (Source: live Manheim MUVVI page.) :contentReference[oaicite:0]{index=0}

Key November Signals

• Index level: 205.4 (+1.3% MoM); mostly unchanged YoY. :contentReference[oaicite:1]{index=1}
• Non-adjusted values: −0.3% MoM; roughly flat YoY. :contentReference[oaicite:2]{index=2}
• MMR prices (3-yr-old): −1.9% in November. :contentReference[oaicite:3]{index=3}
• MMR retention: ~98.9% (−0.5 pts YoY). :contentReference[oaicite:4]{index=4}
• Sales conversion: 57.2% (+2.9 pts vs. October; +5.2 pts vs. recent 3-yr avg). :contentReference[oaicite:5]{index=5}

Segment & EV Dynamics

Luxury continued to outperform YoY while compact cars lagged. EV pricing momentum strengthened: the EV index rose 2.3% MoM and 6.1% YoY, versus non-EVs up 1.3% MoM and down 0.1% YoY. :contentReference[oaicite:6]{index=6}

Wholesale Supply & Rental Trends

• Wholesale days’ supply: 30.1 (↑2.2 vs. Oct; ↑1.3 YoY), still near long-run norms for late November. :contentReference[oaicite:7]{index=7}
• Rental: prices −4.3% MoM; non-adjusted rental values −3.3% YoY; average mileage −9.1% YoY. :contentReference[oaicite:8]{index=8}

Dealer Playbook: Finish Q4 Strong

1. Price to retention: With retention near 99%, tighten appraisals to MMR and shorten reprice cycles to keep turn times down. :contentReference[oaicite:9]{index=9}
2. Lean into resilient segments: Prioritize late-model luxury and strong-spec SUVs; prune lagging compacts faster. :contentReference[oaicite:10]{index=10}
3. Time EV acquisitions: EVs show YoY strength—target clean histories and proven trims; buy on small MoM dips. :contentReference[oaicite:11]{index=11}
4. Prep before you bid: Enter lanes with run lists, comps, and condition reports to avoid overpaying.
5. Operational speed: Use VIN-level analytics and DMS workflows to reduce days-to-sell and protect margin.

Stay ahead with Laser Appraiser—real-time valuations, auction run lists, and appraisal intelligence that help you buy smarter, price with confidence, and move inventory faster.

Source: Manheim Used Vehicle Value Index (live). :contentReference[oaicite:12]{index=12}