September 2022 Used Car Car Market Guidelines

Used-vehicle prices remain exceptionally elevated from a historical perspective, though the market continues to cool from the all-time highs that it recently experienced.

In August, wholesale prices fell for a second consecutive month which brought the J.D. Power Valuation Services Used Vehicle Price Index down 6.9 points to 209.5. August’s price level was 14.3 points lower than the all-time high in December 2021. Additionally, prices in August were 28.5% higher through the first eight months of the year vs. the same period in 2021.