Rising Used Vehicle Prices: Understanding the Impact on Market Values

Used vehicle prices discussion at dealership with multiple parked cars.

The Current State of Used Vehicle Prices

According to recent data from Cox Automotive, wholesale used vehicle prices are on the rise, posting a significant 6.3% year-over-year increase in June. The Manheim Used Vehicle Value Index (MUVVI) saw a surge, climbing to 208.5, attributing this uptick to a mix of seasonal adjustments and market fluctuations. Although non-seasonally adjusted prices fell slightly by 1.1% from May, they are still showing an overall year-over-year growth of 5.1%.

Understanding Total Loss Valuations

Ryan Mandell of Mitchell International notes that this surge in used vehicle pricing has yet to impact total loss valuations significantly. In the second quarter of 2025, total loss market values experienced stability, despite fluctuations in vehicle types such as BEVs and ICEs. Interestingly, newer vehicles (0-3 years old) have seen the most significant increase in average values, suggesting a shift in consumer preferences amidst tariff-induced uncertainties in the new vehicle market.

Insights from Tariff Implications

As tariffs continue to affect market conditions, activity spiked following the end of a 90-day pause on additional reciprocal tariffs. With talks among trading partners underway, the July 9 deadline keeps the automotive sector on its toes. Kyle Krumlauf from CCC Intelligent Solutions anticipates increases in repairable claims linked to rising used vehicle prices, indicating that Manheim’s data may serve as a crucial market indicator moving forward.

Future Trends in the Used Vehicle Market

It is expected that as the year progresses, the gains in market value will encounter some tapering. Contracting overall supply coupled with robust retail sales could potentially balance out the market dynamics. As we dive further into the second half of 2025, keeping an eye on pricing trends will be essential for consumers and industry stakeholders alike.

Understanding these dynamics in used vehicle prices not only offers insights into current automotive market conditions but also informs consumers and industry professionals about potential future impacts. As the situation evolves, staying informed through credible sources becomes crucial for making strategic decisions.

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Rising Used Vehicle Prices: Understanding the Impact on Market Values

The Current State of Used Vehicle Prices

Understanding Total Loss Valuations

Insights from Tariff Implications

Future Trends in the Used Vehicle Market

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