Wholesale used vehicle prices jumped 2.2% MoM and 4.3% YoY in the first two weeks of April.

• The non-adjusted price change in the first half of April was 2.7% MoM, and the unadjusted price is higher by 3.7% YoY.
• The average move for the full month of April is an increase of 1.3 ppts on non-adjusted values, indicating the appreciation observed so far in April is quite a bit higher than normal, influenced by the impact of tariffs on new vehicles.
• Over the last two weeks, the Three-Year-Old Index increased by an aggregate of 2.5% YoY, demonstrating much stronger appreciation trends than normal, which would be a rise of 0.2% on the long-term average