Story perspectives

Used Vehicle Prices Rise; Luxury and EVs Lead Gains

9/19/2025

Summary

Story summary

In early September, wholesale used-vehicle prices rose slightly, with the Manheim Used Vehicle Value Index reaching 207.5, a 2.2% increase from September 2024.
Luxury vehicles led the year-over-year price increase at 2.1%, while compact cars fell by 4.6%.
Electric vehicles (EVs) saw a 5.5% year-over-year increase, maintaining August values.
Consumer sentiment dropped 4.8% in early September, reflecting a 21% year-over-year decline.
Gasoline prices held steady at $3.19 per gallon, down 1% year-over-year.

History

Historical Context

The 2008 financial crisis drastically impacted the U.S. automotive industry, with vehicle sales plummeting to 10.4 million units. As of 2023, the Manheim Used Vehicle Value Index indicates a recovery, with luxury vehicle values rising by 2.1%. This shift reflects changing consumer preferences, particularly as electric vehicles gain popularity amid fluctuating gasoline prices, signaling a significant evolution in the automotive market.

1 of 2

Story summary

In early September, wholesale used-vehicle prices rose slightly, with the Manheim Used Vehicle Value Index reaching 207.5, a 2.2% increase from September 2024.
Luxury vehicles led the year-over-year price increase at 2.1%, while compact cars fell by 4.6%.
Electric vehicles (EVs) saw a 5.5% year-over-year increase, maintaining August values.
Consumer sentiment dropped 4.8% in early September, reflecting a 21% year-over-year decline.
Gasoline prices held steady at $3.19 per gallon, down 1% year-over-year.

1 / 2