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Used Vehicle Prices Surge 6.2% Amid Strong Demand

4/8/2026

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Story summary
  • The Manheim Used Vehicle Value Index rose 6.2% year over year to 215.3 in March 2026, signaling peak pricing.
  • Despite geopolitical tensions, demand remains robust.
  • Cox Automotive projects total used vehicle sales will fall 1% in 2026 compared with 2025 as prices stay high.
  • The used-vehicle average price is $25,287, versus over $49,100 for new models.