FX.co ★ US Used Vehicle Prices Rise in June

The Manheim Used Vehicle Value Index in the United States experienced a 1.6% increase month-over-month in June 2025, recovering from a 1.4% decline in May. This rise was mainly attributed to seasonal adjustments, as prices not adjusted for seasonality decreased more than usual due to volatility related to tariffs. Gains were observed across all major segments: luxury vehicles increased by 1.2%, trucks by 1.1%, compact cars and SUVs by 1.0%, and mid-size sedans by 0.8%. On a year-over-year basis, wholesale prices jumped by 6.3%, marking the largest annual rise since August 2022. Jeremy Robb from Cox Automotive notes that wholesale trends were more volatile in the second quarter, with tariffs affecting the supply of new vehicles and consequently impacting the used market. Although the Manheim Index has been on an upward trajectory since June 2024, the growth pace is expected to slow in the latter half of the year due to more challenging year-over-year comparisons. Nevertheless, robust retail demand and a decrease in off-lease supply are anticipated to continue supporting vehicle values.