Wholesale used vehicle prices were flat in February, halting three months of declines, according to Manheim’s Used Vehicle Value Index.
Manheim's Used Vehicle Value Index. Photo Courtesy of Manheim.
Manheim's Used Vehicle Value Index. Photo Courtesy of Manheim.
Wholesale used vehicle prices were flat in February, halting three months of declines, according to Manheim’s Used Vehicle Value Index.
On a segment-by-segment basis, all major market segments, except for mid-size cars, saw gains in their average wholesale values.
“As expected, now that the prices are more in line with the general trend prior to the hurricanes, the rapid acceleration of depreciation has slowed to normal. We will likely miss the normal “bounce” in used vehicle prices in March as tax refunds will again be delayed as part of the IRS effort to combat identity fraud,” Manheim noted in its report.
Through February, used vehicle sales were up 2% year-over-year, versus the same time last year, according to Manheim. Meanwhile, new-vehicles saw a flipped performance, with sales volume declining 2% compared to the same time last year.
Combined rental, commercial and government sales were up 4% year-over-year in February. Commercial and rental fleet sales were the biggest drivers of this growth, realizing 4% and 5% sales growth, respectively.
The 2026 Conference of Automotive Remarketing convened with a mandate to involve a new constituency — fleet managers — and an updated mission to demonstrate unrealized value in de-fleeted vehicles.
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Franchised and independent dealers had a total of 1.95 million used vehicles in stock in March, the lowest on record in the current data set.
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Demand signals remain strong at auctions, with sales conversions, a clear sign of demand, reaching 68.2% in the most recent measure.
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From a Wall Street analyst's take on remarketing's key players to whether fleets need their own version of Carfax, CAR 2026's afternoon roundtables will answer key operational and industry questions.
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Work trucks lose value at remarketing, not because they aren't worth more, but because the data to prove it rarely makes it to the auction.
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New EV sales declined year over year in February while used EV demand rose, as prices fell and inventory tightened across both segments.
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A panel at the 2026 Conference of Automotive Remarketing will examine how resale value is created across the vehicle lifecycle and which traditional remarketing practices still deliver ROI.
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Solid demand at Manheim auctions with higher sales conversion rates indicate an appetite from dealers to buy.
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Smart operational and spec'ing decisions can dramatically improve both the total cost of ownership during use and the resale value when it's time to remarket day cabs.
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Smart remarketing begins before vehicles enter the fleet, and is built on strong data and stronger FMC partnerships.
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