From CNBC: 2025-06-06 12:06:00

Used vehicle prices in May decreased by 1.5% from April but remained 4% higher than a year earlier, according to the Manheim Used Vehicle Value Index. Wholesale appreciation trended strong in April but eased in May. Retail prices have not fallen as quickly as wholesale prices recently, affected by changes in new vehicle prices and demand.

President Donald Trump’s tariffs on new imported vehicles indirectly impact the used car market. Demand for used vehicles remains strong due to low inventory levels at 2.2 million. Consumers holding onto vehicles longer and reduced production due to the pandemic and supply chain shortages contribute to the market dynamics.

Retail used vehicle sales in May were down 3% from April but up 4% year over year, according to Cox Automotive. The company reports that used vehicle prices are stabilizing after years of volatility, showing signs of calming down since 2024.



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