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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The Manheim Used Vehicle Value Index sees stable performance for the year and forecasts normal vehicle depreciation for 2026.
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While consumer sentiment remains subdued, early reads suggest confidence is recovering amid good vehicle sales supported by lower APR rates.
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Wholesale values remain elevated against normal depreciation trends, even with declines in September, and right as tax incentives on EVs end.
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The used market especially benefits from consumers seeking more affordable alternatives than those offered in the new car segment.
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Changes in wholesale values have defied gravity this year, as the industry sees lower used-vehicle inventory levels and increased consumer demand for affordable vehicles
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The tariff announcements have spurred activity that suggests the wholesale market will see a sizeable increase in the Manheim Index in April.
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Industry data and economic experts emphasize the need to focus on the facts and long-term trend lines as media coverage and political messaging may not always interpret the information accurately.
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Manheim Market Report (MMR) values saw some volatility but ended with stronger price appreciation in the last week of the month, with values rising 0.2% in the last week alone.
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The Manheim index is at its highest point since October 2023, after the market saw stronger-than-usual gains in non-seasonally adjusted values.
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