Latest News About The Used Cars

The latest news on the used car market is that prices have moved up again, with wholesale used-vehicle values reaching their highest level in nearly three years in early April 2026. Demand is still strong, inventory remains tight, and Cox Automotive says the market started 2026 stronger than expected before likely easing in the second half of the year.[1]

What’s driving it

Recent reporting says dealers and buyers are still competing for limited supply, which has pushed auction and wholesale prices higher. One report noted that the Manheim Used Vehicle Value Index rose 6.2% year over year in March and that retail used-car sales were up about 2% in the first quarter versus a year earlier.[1]

Another industry update said February wholesale prices also rose, especially in the luxury segment, with affordability challenges in new cars helping support used-vehicle demand.[2]

Price direction

The broad trend is not one-way, though. Some year-end market data showed prices falling in certain categories such as SUVs, cars, and hybrids/EVs, even while other categories stayed elevated compared with the prior year.[3]

So the current picture is mixed: the overall market has been firming in early 2026, but category-level pricing can still move differently depending on vehicle type and regional demand.[3][1]

Practical meaning

For shoppers, this means used cars are still relatively expensive compared with the recent past, especially in segments with tight supply. For sellers or dealers, the strong wholesale market can support trade-in and resale values, but margins may still depend on sourcing and inventory mix.[2][1]

Would you like a quick breakdown of the best used-car segments to shop right now?