Cox Automotive reported that its Manheim Used Vehicle Value Index (MUVVI), which tracks wholesale used-vehicle prices adjusted for mix, mileage, and seasonality, declined 1.4% month-over-month in July 2026. The MUVVI is now down nearly 2.5% from its March 2026 high, with year-over-year growth slowing to 1.3% in July 2026, down from 2.1% in June 2026.