United States Used Car Prices MoM

Info

History

Chart

Impact:

Low

Source: Manheim Consulting Inc.

Latest Release:

Date:

Actual:

2.7%

Forecast:

Previous/Revision:

-0.7%

Period: Apr

Next Release:

Date:

Period: May

What Does It Measure?

The United States Used Car Prices MoM measures the monthly percentage change in the prices of used vehicles sold in the market, focusing on the valuation trends of previously owned automobiles. It assesses key aspects such as consumer demand, inflationary pressures, and overall economic health, with significant implications for the automotive sector and associated industries.

Frequency

This indicator is released on a monthly basis, providing both preliminary estimates and final figures, typically published during the first week of the following month.

Why Do Traders Care?

Traders closely monitor the Used Car Prices MoM as it is a critical barometer of inflation and consumer spending behavior, directly impacting the broader inflation outlook and influencing monetary policy concerns. Fluctuations in used car prices can affect asset classes like currencies and stocks; for instance, rising prices might indicate inflationary pressures, which can strengthen the USD while potentially negatively affecting equities.

What Is It Derived From?

The Used Car Prices MoM is derived from the analysis of transaction data collected from dealerships, auctions, and private sales, encompassing a wide range of used vehicles across various markets. It is typically calculated using a weighted average system, where the price changes of different vehicle makes and models are aggregated to produce the overall index.

Description

Preliminary reports reflect early estimates and are subject to revisions, often leading to stronger market reactions due to their timeliness. The final reports present a more accurate representation of the data, providing investors with critical insights into market conditions, though they tend to cause less volatile market movements than preliminary reports. The MoM measurement is vital as it illustrates short-term price movements and helps identify immediate economic shifts, with traders interpreting these results as indications of stronger or weaker consumer demand.

Additional Notes

The Used Car Prices MoM is typically viewed as a coincident indicator reflecting current economic conditions rather than leading or lagging trends. It often relates closely to broader inflation metrics and signals changes in consumer behavior that can have ripple effects throughout the economy, including impacts on new car sales and the overall automotive industry.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for USD, Bearish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Previous
May 07, 2025	2.7%	-0.7%
Apr 07, 2025	-0.7%	-0.7%
Mar 07, 2025	-0.7%	0.4%
Feb 07, 2025	0.4%	-0.3%
Jan 08, 2025	-0.3%	1.3%
Dec 06, 2024	1.3%	-0.1%
Nov 07, 2024	-0.1%	-0.5%
Oct 07, 2024	-0.5%	1.2%
Sep 09, 2024	1.2%	2.8%
Aug 07, 2024	2.8%	-0.6%
Jul 09, 2024	-0.6%	-0.6%
Jun 07, 2024	-0.6%	-2.3%
May 07, 2024	-2.3%	-0.4%
Apr 05, 2024	-0.4%	-0.1%
Mar 07, 2024	-0.1%	0%
Feb 07, 2024	0%	-0.5%
Jan 08, 2024	-0.5%	-2.1%
Dec 07, 2023	-2.1%	-2.3%
Nov 07, 2023	-2.3%	1%
Oct 06, 2023	1%	0.2%
Sep 08, 2023	0.2%	-1.6%
Aug 07, 2023	-1.6%	-4.2%
Jul 10, 2023	-4.2%	-2.7%
Jun 07, 2023	-2.7%	-3%
May 05, 2023	-3%	1.5%
Apr 07, 2023	1.5%	4.3%
Mar 07, 2023	4.3%	2.5%