Wholesale used vehicle prices were down -0.7% MoM and -0.2% YoY in March, below the mid-month snapshot of -1.6% MoM and -1.1% YoY declines.

• The non-adjusted index was a gain of 2.7% MoM and 0.4% YoY.
• The Three-Year Old Index increased 1.2% MoM, muted compared to the typical March increase.
• Mannheim: “March is typically the strongest month for wholesale markets, so it’s normal to see values rise. However, this year’s price increases were not enough to meet seasonal expectations.”