Wholesale used vehicle prices hit two-and-a-half-year high in March, with the Manheim Used Vehicle Value Index (MUVVI) up 6.2% year over year to 215.3.
Wholesale inventory remained tight at Manheim, with sales conversion climbing to 68.2%—above historical norms—signaling sustained dealer demand and continued competition in the auction lanes.
The retail used-vehicle market gained momentum in Q1, with sales running ahead of last year; tight inventory and steady demand are putting upward pressure on pricing at dealer lots.
