FX.co ★ Used Car Prices in the US Fall the Most in Nearly a Year

In May 2025, the Manheim Used Vehicle Value Index for the United States experienced a 1.4% decline from the previous month—the most significant drop in nearly a year—following a 2.7% rise in April. The seasonal adjustment slightly moderated this decrease. Luxury vehicles saw prices decrease by 0.7%, SUVs by 1.3%, mid-size sedans by 1.6%, trucks by 1.9%, and compact cars by 2.3%. Electric vehicles also experienced a price decline of 0.9%. Compared to the previous year, used car prices in the United States rose by 4%. Jeremy Robb, Senior Director of Economic and Industry Insights at Cox Automotive, commented, "As the market continues to absorb the effects of tariffs, we may anticipate somewhat elevated levels of wholesale depreciation over the summer. Nevertheless, reduced inventory levels could mitigate these more aggressive depreciation trends in the months ahead."