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The tariff announcements have spurred activity that suggests the wholesale market will see a sizeable increase in the Manheim Index in April.
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Dealer-, commercial-, and fleet-related wholesale used vehicles under three years all showed healthy double-digit yearly percentage gains.
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Electric vehicle sales of all ages hit the highest tally ever recorded for any month-to-date, while sales of used rental cars spiked the under two years segment.
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Commercial sales were the primary reason for 2024’s increase in sales, with broad-based growth across rental, commercial, off-lease, and repo units.
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Commercial vehicles running through auction channels are driving most of this year’s sales growth.
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Tight supply in wholesale and retail vehicle markets will support healthy dealer demand through December.
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Commercial vehicles, electric vehicles, and late model used vehicles all show strong double-digit volume increases.
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Clients who rely on MMR can now benefit from even more precise vehicle values that account for high-value options like heated seats, adaptive cruise control, and more.
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Monthly YOY and year-to-date sales point to a commercial fleet sector moving more vehicles into remarketing channels during the last six-plus months.
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While some weakening in the market over the Memorial Day weekend is seasonally normal, May saw more market softening in the latter half of the month.
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