FX.co ★ US Used Car Prices Rise for First Time in Five Months

In November 2025, the US Manheim Used Vehicle Value Index experienced a 1.3% month-over-month increase, marking its first and most significant rise in five months after a 2% decline in October. Prices for non-electric vehicles rose by 1.3%, while the electric vehicle (EV) sector saw a 2.3% increase, influenced by the recent expiration of the EV tax credit. Compared to the previous year, the overall prices for used vehicles remained steady. The luxury segment prices climbed by 2.9%, outperforming the broader market, primarily due to the more significant impact of elevated EV prices. Conversely, compact and midsize cars experienced substantial year-on-year decreases, with drops of 6.8% and 4.5%, respectively. "We’re witnessing strong vehicle sales driven by lower annual percentage rates (APRs), with price depreciation returning to normal trends, albeit with slightly higher values than usual. With the new year approaching and lower tax withholding rates set to increase take-home pay, consumers may soon recognize their potentially higher tax refunds. This realization is expected to provide a further boost to the auto market," commented Jeremy Robb of Cox Automotive.