March 2023 Guidelines Report

FEBRUARY 2023 USED VEHICLE MARKET UPDATE

WHOLESALE PRICE INDEX

In February, wholesale prices improved for the second consecutive month. As a result, the J.D. Power Valuation Services Used Vehicle Price Index increased by 5.5% to 209.4. While wholesale prices are still down from their all-time high, they are moving back towards historic levels. In February, the index was 1.4% lower than February 2022’s level, however, a massive 71.1% greater than in February 2020.