Wholesale Used-Vehicle Prices Decline in October, Manheim Reports
Wholesale used-vehicle prices declined 0.7% in October, according to Manheim. Non-seasonally adjusted prices declined 2%, with the Manheim Used Vehicle Value Index increasing 0.6% from a year ago to 126.0.
ATLANTA — Wholesale used-vehicle prices declined 0.7% in October, according to Manheim. Non-seasonally adjusted prices declined 2% in October, with the Manheim Used Vehicle Value Index increasing 0.6% from a year ago to 126.0.
On a year-over-year basis, wholesale pricing for cars remains down, while pricing for vehicles in the truck category remains up. However, in recent months, according to Manheim, vehicles in all segments have been trending downward, withprice performance between cars and trucks having narrowed considerably.
The company explained that although the Manheim Index is mix-adjusted, it does not account for overall inflation in new-vehicle pricing or the shift to higher trim levels. Given that information, the company added, it is not inconsistent for the Index to be up even as commercial consignors report “less-than-satisfying” end-of-term lease residuals or lower repossession recovery rates.
“It is better to look at the index relative to its trend or in relation to a host of current and past new-vehicle price measures,” the company stated in its Manheim Index report. “On that scale, wholesale pricing has shown some easing of late, but it is not particularly weak.”
Results, the company stated, have been in line with its expectations from the beginning of the year.
On the new-vehicle front, new-car and light-duty truck sales in October were about 6% lower than the same time last year. However, the new-vehicle seasonally adjusted annual selling rate (SAAR) was at the highest point it’s been all year — 18 million.
Manheim credits this all-time high SAAR to an artificial boost from a two-day selling day adjustment and bigger incentives moving more volume. Even though the company described the month as “good” in terms of new-car sales, it added that it was not good enough to prevent growing inventory overhang. Production cuts should be expected in the coming months, it added.
“Otherwise, there will be a need for even greater incentives and an inevitable downward pressure on used-vehicle residuals,” the company stated in its report.
More Auto Finance

Mastering Credit Friction
In this video, Josh Krach explains how to turn credit friction into an advantage.
Read More →
April Less Affordable
Based on prices, reduced incentives and slower household income growth, consumers found it more challenging to buy new last month, Cox Automotive reported.
Read More →
Auto Lenders, Consumers on a Tightrope
April borrowing data shows that more consumers are bending over backward to buy vehicles, though subprime lending cooled off for the month.
Read More →
Toyota Financial Services President Replaced
Scott Cooke has served in various roles with Toyota Financial Services for over 20 years, including president and CEO, which he retires from on June 30.
Read More →
Permission or Approval: When to Notify Finance Sources
Credit card down payments, multiple vehicle purchases and even straw purchases can be completed without committing bank fraud, as long as you tell the bank first.
Read More →
At-Risk Auto Borrowers Drive Looser Credit Access
Cox Automotive’s index shows the subprime segment, long loan terms, negative-equity borrowers and down payment amounts all grew in February despite ever-higher vehicle prices.
Read More →
Auto Loan Forecast Bucks Market Trend
Auto loan originations rose over 6% year-over-year in the third quarter of 2025, but TransUnion predicts a slight decline in auto loan growth this year, making it an outlier in the company's overall lending forecast.
Read More →
Auto Credit More Plentiful
Growing access shows greater lender appetite for risk as consumers take on heavier debt burden in an inflated market.
Read More →
Auto Loans Long as Stretch Limos
More consumers, faced with ever-rising car prices, are adapting by agreeing to longer loan terms despite the cost of added interest payments.
Read More →
AutoPayPlus Launches RePayPlus
The reinsured biweekly payment program offers auto dealers with customer retention and reinsurance structure.
Read More →