Used Honda Pilots are displayed on the sales lot at Honda Marin on February 06, 2024 in San Rafael, California.
Justin Sullivan | Getty Images
Used vehicle prices are expected to continue to stabilize in 2025 after swinging wildly for several years before starting to calm down in 2024.
Auto data and logistics firm Cox Automotive expects wholesale prices on its Manheim Used Vehicle Value Index, which tracks prices of used vehicles sold at its U.S. wholesale auctions, will end this year 1.4% higher than in December 2024. Pricing will fluctuate month to month due to selling seasonality and other factors, but it’s not expected to be as drastic as in previous years, according to Cox.
This year’s increase would compare with a 0.4% rise in 2024 following drops of 7% and nearly 15% in 2023 and 2022, respectively, from inflated prices during the Covid-19 pandemic. Index used vehicle prices during that time increased at historically high rates…
