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Story summary
- Manheim Used Vehicle Value Index fell 1.6% in April 2026, the first decline since October 2025.
- AAA reported the average gasoline price rose $1.12 per gallon to $4.30 at April’s end and $4.56 by May 7, 2026.
- Cox Automotive chief economist Jeremy Robb said higher gasoline prices are soaking up consumers’ disposable income.
- The Manheim electric-vehicle index rose 7.2% and 1.4% from March 2026, while demand for older vehicles and EVs grew.
