Wholesale used-vehicle prices rose in June, with the Manheim Used Vehicle Value Index (MUVVI) increasing 1.6% over May and 6.3% year over year, driven partly by seasonal adjustments amid tariff-related market volatility.

Non-adjusted prices declined 1.1% month over month but were still up 5.1% annually. Despite weekly drops in Manheim Market Report (MMR) values, the average daily sales conversion rate increased to 57.8%, exceeding seasonal norms.

Most vehicle segments saw price increases, especially luxury and SUVs, while compact cars underperformed. Electric vehicle (EV) values showed strong recovery, up 12.1% year over year, outpacing non-EVs, reflecting a rebound from their sharp 2023–2024 declines.

Retail used-vehicle sales fell 1.5% from May but were 2% higher year over year, with average listing prices up slightly. Days’ supply held steady at 45.

New-vehicle sales, however, declined 4.2% year over year and 14.2% from May. Fleet sales were down 3.8%, and the estimated retail SAAR dropped to 12.9 million. Meanwhile, rental risk unit prices rose 7.6% year over year but dipped 1.7% from May, with average mileage down both annually and monthly.

Consumer confidence showed mixed signals: the Conference Board index fell, while the University of Michigan sentiment index surged 16.3%. Inflation expectations improved slightly, though concerns about pricing and interest rates persist. Gas prices rose slightly in June but remain lower year over year.