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Used Vehicle Prices Drop, Retail Sales Surge 13%

1/9/2025

24 5

Summary

Story summary

In December, used vehicle prices decreased, with the Manheim Used Vehicle Value Index (MUVVI) at 204.8, up 0.4% year-over-year.
Non-seasonally adjusted prices fell by 0.8% from November, while retail sales surged 13% year-over-year.
The used EV market experienced a 7.6% year-over-year decline but is stabilizing.
Retail used-vehicle sales are expected to hit 20.1 million in 2025, a 1.2% increase from 2024.

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Story summary

In December, used vehicle prices decreased, with the Manheim Used Vehicle Value Index (MUVVI) at 204.8, up 0.4% year-over-year.
Non-seasonally adjusted prices fell by 0.8% from November, while retail sales surged 13% year-over-year.
The used EV market experienced a 7.6% year-over-year decline but is stabilizing.
Retail used-vehicle sales are expected to hit 20.1 million in 2025, a 1.2% increase from 2024.