Wholesale used vehicle prices in the United States rose in April on both a monthly and annual basis, driven up by the impact of tariffs, automotive services company Cox Automotive said in a May 7 statement.
The Manheim Used Vehicle Value Index, an indicator of pricing trends in the used vehicle market, jumped by 4.9 percent year-over-year last month to 208.2—the highest reading since October 2023. Compared with March, the index was up 2.7 percent.
“We expected to see strong price appreciation in response to the tariffs, and that’s exactly what came,” said Jeremy Robb, senior director of economic and industry insights at Cox….