Here’s a summary of the key metrics and insights from the latest Manheim Used Vehicle Value Index (MUVVI) report:
Key Metrics
- MUVVI for September 2026: 205.9, a 0.6% decrease year-over-year and a 1.1% decline month-over-month.
- Non-adjusted wholesale vehicle prices: Down 1.2% year-over-year and 1.3% from August 2026.
- Three-Year-Old Index MMR Prices: Decreased by 1.7% in September.
- MMR Retention: Averaged 99.3%, slightly up year-over-year but down from August.
- Sales Conversion Rate: 55.2%, lower than the three-year September average.
Expert Insight
Jeremy Robb, Chief Economist, Cox Automotive
- September experienced steeper than usual depreciation due to several factors:
- High diesel prices and ongoing Middle East conflict are impacting consumer sentiment and valuations.
- Lack of hurricane activity, which historically boosts used vehicle demand, contributed to higher depreciation this year.
Segment Performance
- Overall market prices saw slight declines. Strength in Electric Vehicles (EVs) and Compact Cars contrasts with declines in Midsize Cars, Pickups, and SUVs.
EV vs. Non-EV Index
- EV Index: Increased by 4.3% year-over-year.
- Non-EV Index: Decreased by 1.6% year-over-year.
Other Insights
- Wholesale Days’ Supply: 28 days at the end of September, a slight increase year-over-year.
- Rental Prices: Up 4.2% year-over-year, down 2.2% from August.
Takeaways
- EVs and Compact Cars remain resilient amid high gas prices.
- There is a notable high stock of diesel vehicles impacting valuations negatively.
- Interest rates are rising while consumer sentiment is falling, presenting challenges as the market approaches Q4.
For more detailed insights and historical data, you can visit the Cox Automotive website.
