Market Insights
Providing Data-Backed Insights on the Wholesale and Used-Vehicle Markets
Manheim delivers the world’s largest wholesale marketplace through a network of 111 physical, digital and mobile auction locations with 650+ digital lanes, serving more than 80,000 dealers. Every year, 8 million vehicles are offered for sale to dealers, and Manheim facilitates used-car transactions representing nearly $80 billion in value.
The Cox Automotive Economic and Industry Insights team analyzes the trove of data from Manheim transactions through the wide lens of additional data available across Cox Automotive to offer thoughtful analyses on the used wholesale and retail markets.
Manheim Used Vehicle Value Index (MUVVI): An industry benchmark, the MUVVI is a measurement of wholesale used-vehicle prices that is independent of underlying shifts in the characteristics of vehicles being sold. Published on the fifth business day of each month, the MUVVI serves as an early indicator of what will be seen in the retail used market. See the full Manheim Used Vehicle Value Index.
Wholesale Used-Vehicle Prices Declined in September
203.5 ⇓2.8%
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.3% from September in the first 15 days of October. The mid-month Manheim Used Vehicle Value Index increased to 203.5, down 2.8% from the full month of October 2023. The seasonal adjustment reduced the results for the month. The non-adjusted price change in the first half of October fell 1.7% compared to September, and the unadjusted price was down 3.5% year over year. The average rise for the month of October is an increase of three-tenths of a point for seasonally adjusted values, so the current change is on target for the long-term trend expected in the early read of the month.
Manheim Market Insights Video
This video provides a quick analysis of the used wholesale and retail markets, encompassing data and insights across the Cox Automotive ecosystem. This video is published each month after the mid-month MUVVI check-in is released, which covers the first 15 days of the month. Watch the latest Manheim Market Insights Video.
Looking for more data and insights?
Visit the Cox Automotive Newsroom for additional data, insights and perspectives on the economy and auto industry. Have data or insight questions or requests? Contact the team at manheim.data@coxautoinc.com.