Manheim used-vehicle prices fall 1.4% in July as wholesale market normalizes

On the Dash: Wholesale prices fell 1.4% in July, creating potential opportunities for dealers managing used-vehicle acquisition costs. EV values remained strong year over year, while compact cars continued to outperform SUVs and pickups. Rising wholesale supply and weaker sales conversion point to increased depreciation pressure heading into fall. The Manheim Used Vehicle Value Index fell to 210 in July, as wholesale used-vehicle prices continued to normalize after peaking in the spring. According to the index, seasonally adjusted prices dropped 1.4% from June, though they still climbed 1.3% above July 2025 levels. The decline also outpaced the typical monthly gain of 0.4% that July usually brings. Non-adjusted wholesale prices fell…

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