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Used Car & Truck

March 2023 Guidelines Report

By David Paris
March 13, 2023

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.

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