Used-car prices climb as tight supply makes it tougher for buyers
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Used-car prices in the US have risen 6.2% year over year, reaching their highest level since summer 2023, due to tight inventory and strong consumer demand. The used-car market is expected to remain firm through midyear before easing later in 2026, with prices likely to hold steady through the spring and early summer.
Used-car prices have increased 6.2% year over year, driven by robust demand and limited supply. The Manheim Used Vehicle Value Index rose to 215.3 in March, up 6.2% from a year earlier. Tight inventory, with days' supply falling below 40 days, has contributed to the price surge. High new-car prices are also pushing consumers into the used market, further boosting demand. The used electric vehicle segment has shown strength, with increased off-lease supply and relative affordability. Prices are expected to remain steady through the spring and early summer before potentially easing later in the year.
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