FX.co ★ Used Car Prices in the US Slow in June

The Manheim Used Vehicle Value Index, a closely watched gauge of US wholesale used-vehicle prices, inched up 0.1% month over month in June 2026, following a 0.3% increase in May. Electric vehicle (EV) prices rose 1.7%, while non-EV prices advanced 0.2%. On a year-on-year basis, the index was up 2.1%, down from 3.6% in May, largely reflecting base effects.

Compared with a year earlier, prices increased for compact cars (4.8%), luxury vehicles (1.4%), and midsize cars (0.1%), while declines were recorded for SUVs (-0.8%) and pickups (-0.3%). EV prices were up 12%, versus a 1.7% rise for non-EVs.

“The story of the first half is a strong tax-refund season that pushed values to levels we haven’t seen in a few years, peaking in March before normalizing, leaving the index about 1% below that March high. The bigger picture remains one of balance,” said Jonathan Gregory, Senior Director at Cox Automotive.