U.S. Used Car Prices Rose to Highest Level Since Summer 2023 in March

Published: Apr 9, 2026 13:34

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[US Used Car Prices Climbed to Highest Level Since Summer 2023] Driven by relatively tight new car supply, US used car prices continued to rise in March. Cox Automotive's Manheim Used Vehicle Value Index rose 6.2% YoY last month, reaching its highest level since the summer of 2023. The index tracks prices of used cars sold at its US wholesale auctions. Cox's report also noted that US used car inventory days' supply fell below 40 days in March, the lowest since the beginning of 2026 and below the level of the same period last year.

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