Wholesale used vehicle prices increased 1.35% month-over-month in February, bringing the Manheim Used Vehicle Value Index to 143.5, which is 6.2% higher than it was at the same time in 2019.
Wholesale used vehicle prices increased 1.35% month-over-month in February, bringing the Manheim Used Vehicle Value Index to 143.5, which is 6.2% higher than it was at the same time in 2019.
The start of 2020 followed more typical trends expected in January, but in February, prices began to rise more rapidly as the month ended, according to Cox Automotive.
The average values of three-year-old vehicles were up 1.1% through February, as both non-luxury and luxury vehicles experienced similar gains.
While most vehicle segments saw some sort of improvement to their average wholesale values in February, Luxury cars in particular saw the largest gains.
Total used vehicle sales volume was up 4.4% year-over-year in February, according to Cox Automotive estimates. Give this sales volume, Cox Automotive estimates that the February used SAAR will be 39.8 million, which would make it a year-over-year and month-over-month improvement.
Combined rental, commercial, and government purchases of new vehicles were up 2.7% year-over-year in February, according to Cox Automotive data. Commercial vehicle sales volume, specifically, was up 8.7% year-over-year.
While EV sales declined, used EV sales grew, as tighter inventory and rising prices reflected a more normalized pace for the EV market.
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The Iranian conflict and rising gas prices inject much uncertainty into the future wholesale used vehicle markets, as higher gas prices soak up spendable income from vehicle buyers.
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The second half of CAR 2026 examined how fleets can translate lifecycle strategy, vehicle data, and market shifts into higher real-world results.
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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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