“The first half of the year is officially in the books, and wholesale values finished on solid footing. The Manheim Index closed June up 2.1% against last year and essentially flat on the month, slightly below the typical gain for June. The story of the first half is a strong tax-refund season that pushed values to levels we haven’t seen in a few years, peaking in March before normalizing, leaving the index about 1% off that March high,” said Jonathan Gregory, Senior Director, Cox Automotive.