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Manheim Used Vehicle Value Index Rises in June as Auto Market Continues To Be Impacted by Tariff-Driven Volatility

UNITED STATES, JUL 8 – Used electric vehicle prices rose 12.1% year-over-year in June, more than double the increase for internal combustion engine vehicles, amid ongoing supply shortages and tariff impacts.

  • The Manheim Used Vehicle Value Index reached 208.5, up 6.3% year over year and 1.6% month over month, the highest since October 2023.
  • The year-long rise in used vehicle prices, reaching the highest since October 2023, stems from a 6–10 million vehicle supply shortfall and surging used EV values up 12.1% annually amid tariff volatility.
  • Manheim's Used Vehicle Value Index reached 208.5, up 6.3% year-over-year and 1.6% month-over-month, driven by a supply shortfall and surging used EV demand amid tariff volatility.
  • Despite stable inventory levels at 2.21 million units in May, dealer sales conversion rates rose to 57.8%, indicating tight stocks and cautious market dynamics.
  • The Manheim Used Vehicle Value Index at 208.5, its highest since October 2023, is projected to be 1.8% higher year-over-year by December 2025, driven by upcoming EV tax credit expirations.
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Auto Remarketing broke the news in on Tuesday, July 8, 2025.
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