Used automobile costs have elevated to the very best stage since 2023 in the course of autozöllen
A Ford Mustang will be seen on May 5, 2025 at a used car dealer in Montebello, California.
Frederic J. Brown | AFP | Getty pictures
Detroit – A closely observed barometer for used vehicle prices rose to the highest level last month since October 2023 when consumers increase the purchases with regard to the fear of price increases.
The manheim use index of COX Automotive, which pursues the prices for used vehicles that were sold at its US large trade auctions, rose to a level of 208.2 compared to a previous year last month.
It also marked an increase of 2.7% compared to March. This is a significant increase compared to a historically typical monthly index train of 0.2%according to car data and logistics company.
“The 'Spring Prounce' usually ends in the second week of April, but this year the trends took wholesale for the whole month and were much stronger than we were watching,” said Jeremy Robb, Senior Director of Economic and Industry Knowledge in COX Automotive. “We expected that we will see a strong price estimate in response to the tariffs, and that was exactly what came.”
While the tariff of 25% for new imported vehicles and many parts do not influence direct sales with the use car, changes in the new vehicle prices, production and demand to the used car market have an effect, which the majority of Americans buy a vehicle.
The retail prices for consumers traditionally pursue changes in wholesale prices, but have not fallen as quickly in recent years as the wholesale prices.
COX reports that sales with retail in April fell by 1.7% compared to March, but was 13% higher than the previous year. In the past four weeks, the average retail list for a used vehicle has increased by 2% to more than 25,000 US dollars, said Cox. This is compared to a new vehicle with almost 48,000 US dollars.
The manheim index remains relatively high of the record highs that he hit during the Covid pandemic, compared to historical level before the start of the global health crisis in 2020.
COX previously said that used vehicle prices would continue to stabilize after swinging wildly for a few years before calming down in 2024.
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