Trends continue to normalize after a strong start to the year, as consumers contend with higher gas prices in the coming summer months.
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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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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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Solid demand at Manheim auctions with higher sales conversion rates indicate an appetite from dealers to buy.
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Winter snowstorms and frosty freeze-overs could not slow down the hot vehicle auction action nationwide in January.
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Wholesale values moved even faster than expected on the back of strong retail demand, driving the MUVVI to its highest reading since September 2023.
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The $20 million in Series A funding from Lightspeed will enable Plug to boost supply, develop more technology, and widen wholesale and retail sales channels.
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The year brought modest and flatter results across wholesale values, total off-rental supply, and rental risk units.
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2025 figures show a steady recovery in wholesale vehicle activity this decade.
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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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