Used vehicle prices fell last month for the first time in 2023

Wholesale used vehicle prices declined last month for the first time this year.

Cox Automotive reported a 3% decline from March to April in its Manheim Used Vehicle Value Index.

Further declines could help bring used vehicle pricing down for consumers, since retail prices traditionally follow changes in wholesale prices.

Cox Automotive's Manheim Used Vehicle Value Index fell 3% from March to April 2023, its first monthly decline of the year, as reported on May 5, 2023^[1][3]
Adjusted for mix, mileage and seasonality the index stood at 230.8, down 4.4% year over year; on a non-adjusted basis prices rose 0.1% from March but were down 5.6% year over year, and the index remained up 5.2% from December^[1][3]
Chris Frey of Cox counted eight straight months of year-over-year declines averaging 8.3% - a run he called "likely not over yet" - after values had risen 8.6% in the first quarter from December, calling it "a second, and more rapid, decent off the pandemic peak of January 2022"; the financial crisis by comparison had 16 months averaging 5.8%^[1][3]
CNBC attributed the drop to automakers increasing production of new cars and trucks, and noted that retail prices traditionally follow changes in wholesale prices^[1]
Wholesale market detail: daily MMR retention averaged 98.7% and sales conversion was 60.9% (against 63.6% in April 2019); used retail sales were estimated down 8% from March and year over year, with retail days' supply at 42 and wholesale supply at 25 days^[3]
New-vehicle sales ran ahead of a year earlier, up 9.0% year over year at a 15.9 million SAAR (14.3 million a year earlier, 14.8 million in March), with fleet share at 17.5% and rental fleet sales up 64% year over year^[3]
On the retail side the average listed used price was $26,086 in February, slightly below January; Charlie Chesbrough said tight supply may support prices and that a massive decline is "unlikely"^[1]
Used-vehicle prices are watched by investors and the Biden administration as a barometer of inflation; Cox said full April data would be released June 7, 2023, with its next quarterly call on Monday, July 10 at 11 a.m. EDT^[1][3]

参考資料 3確度 76%

最初の項目は常にピンの出典です。全体の確度は、各資料が上記の開始・終了時刻をどれだけ強く裏付けているかの加重平均です。最新の資料より180日古くなるごとに、重みは半分になります。

[1]25%
cnbc.com/2023/05/05/manheim-used-vehicle-index-prices-fall-in-april.html
cnbc.com· 投稿 2023年5月5日· 開始 2023年5月1日 ✓· スコアの 1%
Date has passed, but cnbc.com does not confirm it happened then; unverified.
[2]76%
Used-car values down 14% as Manheim index hits lowest level since March 2021
autoremarketing.com· 追加 2026年9月15日· スコアの 98%
AutoRemarketing's retrieved content actually covers an April 2024 Manheim reading ("lowest it has been since March 2021"), a year after the pin's stored May 2023 date, so while it corroborates the general declining-used-price trend, it does not directly confirm the specific first-decline-of-2023 event the pin describes.
[3]88%
Wholesale Used-Vehicle Prices See Sizable Decline in April
coxautoinc.com· 公開 2023年5月1日· スコアの 1%
Cox Automotive's own insights page reports its Manheim index "decreased 3.0% in April from March," published 1 May 2023, matching the pin's stored 1 May 2023 date exactly as the primary source behind the CNBC^[1] story.