Overview

• The Manheim Used Vehicle Value Index reached 208.2 in April 2025, its highest level since October 2023, reflecting a 4.9% year-over-year increase and a 2.7% month-over-month rise.
• New 25% tariffs on imported vehicles and parts are driving up new-car prices, indirectly impacting the used-car market by increasing demand and prices.
• Retail used-vehicle sales in April 2025 were 1.7% lower than March but 13% higher than the same period in 2024, showing strong year-over-year growth.
• The average retail listing price for a used vehicle rose by 2% over the past month, surpassing $25,000, while dealer inventories of new vehicles fell to a 60-day supply, down from 80–85 days last year.
• Dealerships like Pine Belt Subaru in New Jersey are facing severe inventory shortages, with recent shipments dropping to 18 units compared to a typical 100–120.