Manheim Used Vehicle Value Index Up 5.1% in July
June’s ‘abnormal bounce” in used-vehicle values continued in July, resulting in the Manheim Used Vehicle Value Index rising to 136.9.

ATLANTA — Used-vehicle sales continued their strong performance in the wholesale market in July, as an "abnormal bounce" that began in June continued through July with a 1.51% increase in overall values. The increase brought the Manheim Used Vehicle Value Index for the month to 136.9, a 5.1% increase from a year ago.
Pricing from the Manheim Market Report (MMR) increased as a result of "a strong economy at its peak, with mounting affordability challenges for the consumer that favor growth in used-vehicle sales at the expense of new.
"The catalyst for even stronger price movement this summer is the fear of import tariffs leading to higher prices in the future,” the firm noted in its report. “Higher prices and the related declining level of supply create a psychological feedback loop for consumers, encouraging buying now with the expectation that prices may be higher later.”
The past year has brought price gains in all of the major market segments, and more affordable vehicles have seen the greatest increase in value. Compact cars and midsize cars have outperformed the market, while vans, utility vehicles, and pickups have underperformed the overall market.
Used-vehicle sales volume increased by 3% on a year-over-year basis in July. The annualized pace of used-vehicle sales is up 1% over last year, led by franchised used-vehicle sales and private party used-vehicle sales. Manheim's estimate of the July used SAAR of 39.2 million would be the strongest July in six years.
New-vehicle sales in July fell 3% from a year ago. July’s SAAR came in at 16.7 million, which was flat vs. last year’s 16.7 million SAAR. July is just the second month this year the SAAR came in below 17 million. Cars continue to see sharp declines as sales in July fell 17% compared to last year. Light trucks outperformed cars in July and were up 4% year over year. New vehicle sales on a year-to-date basis are up 1% vs. last year, according to Manheim.
Fleet sales have bolstered the new vehicle market in 2018, but fleet purchases declined in July relative to June. Despite the decline, the volume of fleet sales was up 26% from a year ago and 9% year-to-date. Retail sales are down 0.2% year-to-date, but July saw the strongest retail SAAR (14.7 million) for the year.
More Auto Finance

Mastering Credit Friction
In this video, Josh Krach explains how to turn credit friction into an advantage.
Read More →
April Less Affordable
Based on prices, reduced incentives and slower household income growth, consumers found it more challenging to buy new last month, Cox Automotive reported.
Read More →
Auto Lenders, Consumers on a Tightrope
April borrowing data shows that more consumers are bending over backward to buy vehicles, though subprime lending cooled off for the month.
Read More →
Toyota Financial Services President Replaced
Scott Cooke has served in various roles with Toyota Financial Services for over 20 years, including president and CEO, which he retires from on June 30.
Read More →
Permission or Approval: When to Notify Finance Sources
Credit card down payments, multiple vehicle purchases and even straw purchases can be completed without committing bank fraud, as long as you tell the bank first.
Read More →
At-Risk Auto Borrowers Drive Looser Credit Access
Cox Automotive’s index shows the subprime segment, long loan terms, negative-equity borrowers and down payment amounts all grew in February despite ever-higher vehicle prices.
Read More →
Auto Loan Forecast Bucks Market Trend
Auto loan originations rose over 6% year-over-year in the third quarter of 2025, but TransUnion predicts a slight decline in auto loan growth this year, making it an outlier in the company's overall lending forecast.
Read More →
Auto Credit More Plentiful
Growing access shows greater lender appetite for risk as consumers take on heavier debt burden in an inflated market.
Read More →
Auto Loans Long as Stretch Limos
More consumers, faced with ever-rising car prices, are adapting by agreeing to longer loan terms despite the cost of added interest payments.
Read More →
AutoPayPlus Launches RePayPlus
The reinsured biweekly payment program offers auto dealers with customer retention and reinsurance structure.
Read More →