Manheim: Year-End Used-Car Values Stay Strong
ATLANTA — Wholesale used-vehicle values increased in the fourth quarter by nearly 2% to finish the year slightly higher than last year, as consumer demand for used car and trucks remained strong, according to the Manheim Used Vehicle Value Index.
Manheim Used Vehicle Value Index, a measure of wholesale prices adjusted for mix, mileage and season, ended the year at 123.9, a 1.8% increase from a year ago and 2.1% higher than the third quarter.
An improving job market and attractive financing helped boost the retail market for new and used vehicles. The strongest demand for used vehicles in the fourth quarter was in the $13,000-$15,000 range, a higher sweet spot than a year ago. Sales of certified pre-owned vehicles, late-model vehicles still backed by a warranty, also hit record numbers in 2014.
“The used-vehicle market finished another solid year,” said Manheim Chief Economist Tom Webb. “Consumers continue to see great value in purchasing used vehicles, even at higher price points. Dealers continue to see used vehicles as an important and profitable part of their business.”
Compact car prices were down 1.1% in December, compared to the same period last year, as consumers moved to CUVs and mid-sized cars. Midsize cars had been one of the weaker segments during the year, but saw values end December 2.2% higher than the same period last year. Meanwhile, luxury car values fell 0.4% on a year-over-year basis, holding their prices despite an increase in supply from off-lease vehicles.
Pick-ups and vans remained the strongest segment with pick-ups up 6.1% and vans up 3.1% on a year-over-year basis. Often purchased for business use, demand for these vehicles has increased during the year.
SUV and CUV also continued to be a popular segment, up 2.8% in December compared to the same period last year. Consumers have been moving to compact and mid-size CUVs, which offer a balance of room and fuel efficiency.
With new-car sales volumes expected to plateau, the upcoming year will be critical for the auto industry, officials said. As long as automakers keep incentives low for new-car sales, used-vehicle values should remain stable. An incentive war, however, would lower new-car prices and also put pressure on dealers to lower used-car prices.
“The growth rate in the U.S. auto market is expected to slow down and level off in 2015,” Webb said. “The big question is whether automakers will be satisfied with their respective slice of the pie. If they aren’t satisfied and resort to heavy incentives, prices and profits will fall.”
More Industry

Charger Network Growth Slows
Despite a projected increase in public EV chargers in 2026, charging infrastructure remains a top concern for consumers as the gap between the most and least EV-friendly places remains substantial.
Read More →
Lenders, Consumers Take on More Auto Loan Risk
September records loosened credit access the most in over a decade as buyers took advantage of the conditions to afford trading, though loan applications fell.
Read More →
Next-Gen Hybrids in Sight
Dealerships can expect to see revamped hybrids from Honda next year as the company rolls out a new system and model lineup.
Read More →
Gem State Stores Change Hands
A larger auto group founded in the industry’s early years sold two franchises to a neighbor group that's on a growth spurt.
Read More →
Charging In Motion
Honda has been researching wireless in-motion charging for electric vehicles since 2025, and new technology developments have put it a step closer to a final product.
Read More →
Twin Cities Stores Sell
Minnesota-based Walser Automotive Group made what it called the most significant acquisition in its history with a three-rooftop deal in Minneapolis.
Read More →
U.S. Auto Sales Still Below Prepandemic Levels
Mobility Global industry observers don’t expect the market to return to the higher volumes that became routine before Covid but to stay well below its potential.
Read More →
The Powertrain Shift
Electric-vehicle owners are backpedaling, according to new data, with product availability driving many to shift back to gas-powered engines.
Read More →
Achromatic Autos
The shades that dominate the U.S. car market don’t call attention to themselves, though grayscale may have plateaued after a 30-year upswing, research shows.
Read More →
Used-Vehicle Affordability Worsens
Listing prices in August defied seasonal trends, rising above $27,000 for the second time this year.
Read More →