Wholesale used-vehicle prices closed out the first half of 2026 on solid footing, according to the latest Manheim Used Vehicle Value Index. The index rose to 212.9 in June, up 2.1% from a year ago, though essentially flat compared to May.
After a strong spring selling season fueled by tax-refund activity pushed wholesale values to some of their highest levels in years, the market has spent the past several months normalizing — leaving prices roughly 1% below their March peak but still above year-ago levels.
For independent dealers, affordability continues to be the defining trend of 2026. Older, more budget-friendly units have shown some of the strongest price appreciation this year, a sign that value-focused shoppers remain active even as overall demand cools slightly from its spring highs.
Looking ahead, Cox Automotive is watching an expected ramp in off-lease vehicle supply — particularly EVs — heading into the second half of the year. That wave of returning inventory could pressure values in specific segments, even as the broader market holds firm. Dealers stocking older, budget-conscious inventory may be well positioned heading into the fall selling season.
