Q1 2025 Manheim Used Vehicle Value Index Summary
Q1 2025 Manheim Used Vehicle Value Index: What Dealers Need to Know
Used car values continued their slow correction in Q1 2025, according to the April release of the Manheim Used Vehicle Value Index (MUVVI). While seasonal patterns are normalizing, market pressures like rising tariffs, supply constraints, and shifting consumer demand are reshaping the wholesale landscape.
For dealers focused on maximizing margin at acquisition, here’s what the data means for your buying strategy:
Market Summary & Index Performance
- The Index fell to 202.6, down 0.7% MoM and 0.2% YoY.
- Q1 values underperformed typical seasonal gains, especially in sedans and EVs.
- EV values continued to show more depreciation than non-EVs.
Segment Trends to Watch
| Segment | Annual Change |
|---|---|
| Sedans | -4.2% |
| SUVs | -0.9% |
| Pickups | -0.1% |
| EVs | -4.5% |
| Non-EVs | -3.2% |
Use tools like the Laser Appraiser VIN Scanner to find comps faster and bid smarter at auction.
⚡️ Auction Market Behavior
- Sales conversion rose to 65.6%, showing solid demand.
- Wholesale days of supply dropped to 23.3—tight inventory.
- Average tax refunds were 4% higher YoY, boosting buyer confidence.
Prepare with auction run lists and appraisal tools before bidding.
What Dealers Should Do Now
- Refine appraisals with Kelley Blue Book, JD Power, and Black Book values.
- Secure inventory through trade-ins where possible.
- Track EV pricing volatility—especially lease return impacts in 2026.
- Compare retention by fuel type for smarter segment-based pricing.
Forecast: Moderate Rebound Expected
Cox Automotive expects a +2.1% to +2.8% increase in the MUVVI by year-end, pending tariff outcomes and inventory flow. For now, profit lies in agility—data-driven buying and smart appraisals will separate the winners.
Use Laser Appraiser to sharpen your acquisition strategy and stay ahead of market shifts.
