NewsHK
Against the backdrop of an active conflict in Iran and fuel costs that have stayed stubbornly elevated, American buyers searching for relief at the pump are moving into the used electric vehicle market in numbers that have started to move prices.
The Manheim Used Vehicle Value Index for EVs, which tracks wholesale auction prices across the United States, rose 12 percent compared to June 2025.
That single reading captures something the physical market understands before the narrative does: demand has arrived at the lot faster than supply can absorb it.
What the Manheim data shows Manheim's EV index covers used vehicles sold at its U.S. wholesale auctions, making it a leading indicator for retail prices weeks down the chain.
Keep reading