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Benzinga
  • 5 minutes ago
Cox Automotive's Manheim index rose 6.2% YoY to its highest level since summer 2023 as used vehicle supply tightened below 40 days. The average used vehicle price hit $25,287 versus $49,100+ for new cars, with Cox raising its 2026 used vehicle sales forecast to 20.4M despite expecting a ~1% full-year decline.
Transcript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Used vehicle prices rose as Cox Automotive reported tight supply and strong demand in
00:07its Mannheim Used Vehicle Value Index, according to CNBC. The index increased 6.2% year-over-year
00:13last month and reached its highest level since summer 2023. Cox Automotive said used vehicle
00:19demand remains strong and inventory is tight despite geopolitical tensions, high gas prices,
00:24and the Iran War, though impacts from the Middle East conflict may still emerge.
00:28Days supply fell below 40 days in March, the lowest point in 2026, and below year-ago levels.
00:34The average used vehicle price was $25,287 in February, compared with more than $49,100
00:41for new vehicles. Cox raised its 2026 used vehicle sales forecast to $20.4 million from $20.3 million,
00:48but expects full-year sales to decline about 1% from 2025.
00:52For all things money, visit Benzinga.com.
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