Used Car Values Rise While Fuel Costs Jump 33 cents – May 6, 2026 Market Update
May 6, 2026 – The salvage and scrap metal markets show mixed signals as we enter the second week of May. Wholesale used vehicle values continue their seasonal strength with the Manheim Index reaching 206.0 (up 0.6% year-over-year), while fuel price spikes create operational pressure for salvage yards.
Gas prices jumped 33 cents per gallon nationally this week to .45, with New England seeing increases to .38. Gold spiked 2.76% to ,682 per ounce, indicating broader commodity volatility.
Market Highlights
- Manheim Index: 206.0 (+0.6% YoY)
- Fuel Impact: Gas up 33 cents to .45 national average
- Precious Metals: Gold up 2.76% to ,682/oz
- Used Vehicle Demand: Strong wholesale demand continues
Key Takeaway: Focus on high-value inventory management and operational efficiency as market volatility creates both opportunities and cost pressures.