Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) declined 0.5 percent in March.
This brought the Manheim Used Vehicle Value Index reading to 124.1, a 1.3 percent increase from a year ago.
Used vehicle values have declined in five of the last six months.
The average price for rental risk units sold at auction in March remained down 3 percent year-over-year.
All car segments were down and all truck segments were up. However, compact cars showed some relative strength in March, whereas SUV/CUVs and vans were weaker than the overall market.