U.S. wholesale used-vehicle values continued to strengthen in early June, according to Cox Automotive’s latest Manheim Used Vehicle Value Index (MUVVI).
The index rose to 213.9 in the first 15 days of June, reflecting a 0.6 per cent increase in wholesale prices, adjusted for mix, mileage and seasonality, compared with May. Values were up 2.6 per cent from June 2025. On a non-adjusted basis, wholesale prices declined 0.8 per cent from May but remained 3.4 per cent higher than a year earlier.
“Manheim values continue their normal pattern of declining at this time of year, though prices are falling from elevated levels from stronger spring appreciation,” said Jeremy Robb, Chief Economist at Cox Automotive, in a statement.
Robb noted that compact cars and electric vehicles continued to post stronger gains than other segments, suggesting affordability concerns may be influencing buyer behaviour.
The report found that all major vehicle segments recorded year-over-year increases, although performance varied by category. Compact cars led the market, with values rising 5.9 per cent from a year ago. SUVs continued to gain market share, though values in the segment increased only 0.1 per cent year over year.
Electric vehicles remained the standout performer. The EV index increased 13.7 per cent from June 2025 and climbed 3.2 per cent from May. By comparison, non-EV values rose 2.1 per cent year over year and 0.6 per cent month over month.
Demand also remained healthy in wholesale channels. Sales conversion rates averaged 59.4 per cent in the first half of June, up 3.7 percentage points from a year earlier.
