Wholesale EV volumes climb 40% at Manheim

While still a relatively small piece of the overall wholesale market, the tide is turning for electric vehicles at auction.

There were close to 9,800 electric vehicles sold through Manheim’s wholesale channels in the first quarter, an all-time high. It also beat year-ago figures by 40% and was 82% higher than Q1 of 2021, parent company Cox Automotive said during a presentation last week around the latest Manheim Used Vehicle Value Index.

The 9,796 EVs sold through Manheim in Q1 also ...