US Used Car Prices Down in September

2025-10-07 13:13 By Joana Taborda 1 min. read

The US Manheim Used Vehicle Value Index declined 0.2% month-over-month in September 2025, following a flat reading in August and marking the third consecutive month of subdued price movements.

Prices declined for the luxury segment (-0.3%), pickups (-0.5%), SUVs (-0.9%) and compact cars (-2%) but edged up 0.2% for mid-sized sedans.

Meanwhile, EV values rose by 0.8% month-over-month, while non-EVs declined by 1%.

Year-on-year, prices of used cars increased 2%, after a 1.7% gain in August.

The luxury segment continued to show the strongest annual gains (2.3%), supported by trends in the EV market.

SUV prices increased 0.7%, while truck values edged down 0.3%.

Mid-size sedans slipped 0.6%, and compact cars fell 6.5%.

“As we close the books on Q3, we’ve continued to see wholesale values remain elevated against normal depreciation trends, even with declines in September and right as tax incentives on EVs come to an end,” said Jeremy Robb, deputy chief economist for Cox Automotive.



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