Manheim Used Vehicle Value Index

TL:DR — Used car values are declining(ish), but sales are still on the rise.
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Manheim Used Vehicle Value Index

A recording of the Q1 Manheim used vehicle value index call is available on Cox Automotive's website. Data shows a decline in used car value from February to March, but the unadjusted average price is up 23.2% year over year. 

More but also less. Used car sales in March were 37% higher than in February. This increase is about 15% down from the expected seasonal increase. Delayed tax returns play a crucial role in the market's slow pace. 

An estimated 45% of returns have arrived, whereas, in 2019, the IRS issued 71% of returns by the last week of March. 

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