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 – Commercial vehicle prices last month in April in April as a consumer who may need a vehicle in April have decreased by their latest high, but feared due to tariffs for buying a car or a truck for price increases, as a closely observed barometer for pressed prices emerged.
The Manheim -Nutzindex from COX Automotive, which pursues the prices for used vehicles that were sold in its US large trade auctions, decreased by 1.5% from April to May, but remained 4% higher than a year earlier. April level has been the highest since October 2023.
“The trends for appreciation in wholesale were remarkably strong in April, but the market gave part of this strength in May, although the values are well above the level of last year,” said Jeremy Robb, Senior Director of Economic and Industry Insights at COX Automotive.
The retail prices for consumers traditionally pursue changes in wholesale prices, but have not fallen as quickly in recent years as the wholesale prices.
While the tariffs of 25% of President Donald Trump do not directly influence the used car sales for new imported vehicles and many parts, changes in new vehicle prices, production and demand to the used car market have an effect, which means that the majority of Americans buy a vehicle.
The demand is relatively strong because the inventory for used vehicles – 2.2 million – remains low compared to historical level. This comes because consumers hold their vehicles longer on their vehicles and in recent years with less production in the middle of the Coronavirus pandemic and the global supply chain.
COX reports that sales with retail in May in May fell 3% compared to April, but was 4% higher compared to the previous year.
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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