Manheim Used Vehicle Value Index Increases Through Q1, As Healthy Spring Bounce Pushes Used-Vehicle Values Higher

Wholesale used–vehicle prices hit two–and-a-half-year high in March, with the Manheim Used Vehicle Value Index (MUVVI) up 6.2% year over year to 215.3. Wholesale inventory remained tight at Manheim, with sales conversion climbing to 68.2%—above historical norms—signaling sustained dealer...