US Used Car Prices Hold Steady in August

The US Manheim Used Vehicle Value Index was flat in August 2025 compared with July, after a 0.5% decline in the previous month. “Changes in wholesale values have continued to defy gravity a bit this year, as the industry suffers from lower used-vehicle inventory levels and increased demand from consumers for affordable vehicles,” said Jeremy Robb, deputy chief economist for Cox Automotive. Prices increased for compact cars (1.2%), mid-size sedans (0.7%), and SUVs (0.1%), but fell for the pickup segment (-0.4%) and luxury (-0.8%). Meanwhile, EV values increased 0.8%, higher than 0.7% for non-EVs. Year-on-year, the Manheim Used Vehicle Value Index rose 1.7%, its slowest pace of growth since the March decline. The luxury segment rose the most (2.3%), followed by SUVs (1.3%), while prices were down for trucks (-0.3%), mid-size sedans (-2%) and compact cars (-3.5%).