Bidenflation: Used Car Prices Jump Most in 14 Years

The Manheim Used Vehicle Value Index, which tracks wholesale auction prices for used cars, rose 4.3 percent in February. Prices were up in December, the first month-to-month gain since May of 2022, and rose 2.5 percent in January. The February gain was the largest monthly increase since February of 2009.

Manheim’s wholesale index is thought to be a leading indicator for both new car prices and retail used car prices. The decline in the wholesale index last year anticipated a decline in used car prices measured by the Consumer Price Index months later