October 2025 Manheim Index: What Dealers Need to Know

The Manheim Used Vehicle Value Index (MUVVI) declined to 202.9 in October, a 2.0% month-over-month drop. The release notes October is typically the weakest seasonal month; non-adjusted prices fell 3.7% MoM and are roughly flat year over year, giving back strength built earlier in 2025. :contentReference[oaicite:0]{index=0}

Key October Signals

• Index: 202.9; −2.0% MoM; roughly unchanged YoY vs. Oct 2024. :contentReference[oaicite:1]{index=1}
• Non-adjusted values: −3.7% MoM; ~+0.2% YoY. :contentReference[oaicite:2]{index=2}
• MMR prices (3-yr-old): −2.3% in October. :contentReference[oaicite:3]{index=3}
• MMR retention: averaged 99.0% (−10 bps YoY). :contentReference[oaicite:4]{index=4}
• Sales conversion: 54.9%, down >2 pts from September but still higher than recent 3-year averages for this time of year. :contentReference[oaicite:5]{index=5}

Segment & EV Dynamics

Luxury again outperformed on a YoY basis, aided by higher EV prices, while compact and mid-size cars posted the largest YoY declines. EVs fell 3.0% MoM after an incentive shift but remain +3.9% YoY; non-EVs declined 2.2% MoM and are now roughly flat YoY. :contentReference[oaicite:6]{index=6}

Wholesale Supply & Seasonal Context

Wholesale days’ supply rose to 28 days—two days higher than September but still slightly below the long-run ~30-day norm, implying inventory can be tighter even into seasonal softness. Manheim flags October’s depreciation as typically the year’s steepest, with a potential moderation later in Q4 as retail days’ supply tightens. :contentReference[oaicite:7]{index=7}

Dealer Playbook for Late Q4

1. Price to retention: With retention ~99%, align appraisals closely to MMR; reduce hold times on no-sale units and refresh pricing faster. :contentReference[oaicite:8]{index=8}
2. Segment mix: Favor late-model luxury and strong-spec SUVs; trim exposure to compact/mid-size laggards.
3. Time EV buys: Incentive changes are creating MoM volatility—lean into trims with proven retail pull and clean histories.
4. Win before you bid: Enter lanes with auction run lists, condition reports, and live comps to avoid overpaying.
5. Operational speed: Use Laser Appraiser VIN Scanner and Dealer Studio workflows to shorten reprice cycles and reduce days-to-sell.

Want a sharper edge during Q4? Laser Appraiser brings real-time valuations, auction integrations, and VIN intelligence together so you can buy smarter, price with confidence, and move inventory faster.

Source: Live Manheim Used Vehicle Value Index page for October 2025 (index level, MoM/YoY changes, EV vs. non-EV, retention, conversion, supply). :contentReference[oaicite:9]{index=9}