Related: Manheim Implements Simulcast-Only Sales Amid COVID-19 Concerns
Manheim Used Value Index Grows 6.2% in February
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.
March 17, 2020
1 min to read
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.
More Used Vehicle Values
Used Vehicle Prices Climb Higher As Sales Pace Slows
The higher prices at used retail reflect strong wholesale values earlier in the spring, particularly for older, more affordable vehicles.
Read More →
Wholesale Used Vehicle Market Sustains Moderate Rise In Values, Prices
Trends continue to normalize after a strong start to the year, as consumers contend with higher gas prices in the coming summer months.
Read More →
Used EV Sales Grow In April
While EV sales declined, used EV sales grew, as tighter inventory and rising prices reflected a more normalized pace for the EV market.
Read More →
Wholesale Used Vehicle Prices Slightly Up In April
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.
Read More →
CAR 2026 Recap Part 2: Closing the Gap Between Data & Remarketing Value
The second half of CAR 2026 examined how fleets can translate lifecycle strategy, vehicle data, and market shifts into higher real-world results.
Read More →
CAR2026 in Two Words: Velocity, Value (Part 1)
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.
Read More →
March Used Vehicle Inventory Falls To Lowest Since 2019
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.
Read More →
Spring Bounce Pushes Q1 Used Vehicle Values Higher
Demand signals remain strong at auctions, with sales conversions, a clear sign of demand, reaching 68.2% in the most recent measure.
Read More →
CAR 2026: Get the Wall Street Update on the Key Players in Remarketing
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.
Read More →
CAR 2026 Session to Uncover the Missing Data That's Costing Fleets at Disposal
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.
Read More →