The Manheim Used Vehicle Value Index rose +0.3% MoM in early December and +0.6% YoY, reflecting broadly seasonal wholesale price firming.

• The MUVVI increased to 206.0 in the first half of December, with seasonally adjusted prices rising more than is typical for the month, when values usually show little change.

• On a non-adjusted basis, wholesale prices fell -0.2% MoM but were up +0.7% YoY, underperforming the long-term December average gain of +0.3% MoM.

• MMR prices for the Three-Year-Old Index declined -0.5% in the first 15 days of December, indicating somewhat elevated depreciation early in the month relative to long-term norms.

• MMR retention averaged 99.7%, up +0.8 pts MoM and +0.7 pts YoY, remaining slightly above longer-term run rates.

• Sales conversion rose to 59.1%, up +6.7 pts MoM and +6.0 pts YoY, pointing to seasonally strong dealer demand at Manheim auctions.

• Overall wholesale prices were up +0.6% YoY, supported by strength in luxury vehicles, while trucks and compact cars recorded the largest YoY declines.

• EV prices were up +2.1% YoY but down -0.5% MoM, while non-EV prices increased +0.2% MoM and +0.6% YoY, highlighting softer recent EV momentum alongside continued annual outperformance.

• Wholesale supply stood at 29.9 days as of mid-December (-0.6 days from end-November; +1.7 days YoY), consistent with typical year-end inventory increases and still indicating balanced market conditions.