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More Evidence This May Be the End of the Historic Plunge of Used Vehicle Prices That Had Pushed Down CPI

October 8, 2024

Amid tight supply and strong demand.

Prices of used vehicle sold at auctions across the US barely dipped in September after having jumped for two months in a row.

Not seasonally adjusted, wholesale prices inched down by $26 on average per vehicle, or by 0.1%, in September from August, to $18,693, after having jumped by $513 in the prior two months combined, according to the Manheim Used Vehicle Value Index, which is adjusted for changes in mix and mileage (blue in the chart below).

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