United States Used Car Prices YoY

Info

History

Chart

Impact:

Low

Source: Manheim Consulting Inc.

Latest Release:

Date:

Actual:

4.9%

Forecast:

Previous/Revision:

-0.2%

Period: Apr

Next Release:

Date:

Period: May

What Does It Measure?

The United States Used Car Prices YoY measures the annual change in prices of used vehicles, providing insight into trends in consumer demand, inflationary pressures, and the overall health of the automotive market. This indicator primarily focuses on price fluctuations in the used car sector, which can reflect broader economic conditions, including consumer spending and supply chain dynamics.

Frequency

This indicator is typically released on a monthly basis, usually published in the first week of the month and represents a final figure rather than a preliminary estimate.

Why Do Traders Care?

Traders pay close attention to the Used Car Prices YoY because significant price increases can indicate inflationary pressures in the economy, influencing central bank monetary policy and affecting key assets such as the USD. A higher-than-expected increase can lead to bearish sentiments in equity markets while strengthening the dollar, as it raises concerns about consumer purchasing power and overall economic stability.

What Is It Derived From?

The Used Car Prices YoY is derived from comprehensive data collected from various automotive transaction databases and trade publications, which track sales prices of used vehicles across different regions. This data is often aggregated using statistical analysis methods to produce a weighted average, reflecting the national market trends effectively.

Description

Preliminary reports are based on early estimates that may be revised in the final figures, reflecting more accurate data over time. The YoY comparison is preferred in this indicator as it mitigates seasonal variations, providing a clear view of long-term trends in used car prices, which are essential for analyzing economic conditions relative to prior years.

Additional Notes

This indicator serves as a leading economic measure, often providing insights into consumer confidence and spending habits, which can precede broader economic shifts. Changes in used car prices also correlate with other inflation indicators, such as consumer price index (CPI) and producer price index (PPI), and can impact financial markets' perceptions of economic recovery or decline.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for USD, Bearish for Stocks. Dovish tone: Signaling higher inflation concerns, is usually bad for the Stocks due to higher borrowing costs.

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	4.9%	-0.2%
Apr 07, 2025	-0.2%	0.1%
Mar 07, 2025	0.1%	0.8%
Feb 07, 2025	0.8%	0.4%
Jan 08, 2025	0.4%	0.2%
Dec 06, 2024	0.2%	-3.2%
Nov 07, 2024	-3.2%	-5.3%
Oct 07, 2024	-5.3%	-3.9%
Sep 09, 2024	-3.9%	-4.8%
Aug 07, 2024	-4.8%	-8.9%
Jul 09, 2024	-8.9%	-12.1%
Jun 07, 2024	-12.1%	-14%
May 07, 2024	-14%	-14.7%
Apr 05, 2024	-14.7%	-13.1%
Mar 07, 2024	-13.1%	-9.2%
Feb 07, 2024	-9.2%	-7%
Jan 08, 2024	-7%	-5.8%
Dec 07, 2023	-5.8%	-4%
Nov 07, 2023	-4%	-3.9%
Oct 06, 2023	-3.9%	-7.7%
Sep 08, 2023	-7.7%	-11.6%
Aug 07, 2023	-11.6%	-10.3%
Jul 10, 2023	-10.3%	-7.6%
Jun 07, 2023	-7.6%	-4.4%
May 05, 2023	-4.4%	-2.4%
Apr 07, 2023	-2.4%	-7%
Mar 07, 2023	-7%	-12.8%