Spring spark lifts used-vehicle prices ahead of peak selling season
Cox Automotive's Manheim Used Vehicle Value Index rose 4% year over year in February to 212.3, signaling higher wholesale prices as dealers stock up for a robust spring market. Demand remains solid with higher sales conversions, aided by expected tax refunds, though the Iran conflict adds near-term risk. January's average used-vehicle listing price was $25,533, and Cox projects wholesale prices ending 2026 roughly 2% higher than December 2025.