US Used Car Prices Fall in February âšī¸
The Manheim Used Vehicle Value Index in the US declined 0.7% month-over-month in February 2025, the largest drop since April 2024, with prices declining for luxury cars, SUVs, compact cars and mid-size sedans, but rising for trucks. Year-on-year, prices for used cars edged up 0.1%.
The decline in used vehicle prices is a neutral event for the portfolio, as it does not have a significant direct impact on the holdings. The portfolio has exposure to the broader US and European markets, as well as some specific companies like Walmart and Apple, but the used vehicle market is not a major driver for these investments.