The invention relates to a traceless washing-free wax solvent for a vehicle, which is prepared from the following raw materials in parts by weight: 10-20 parts of hydrofluoric acid, 15-25 parts of oxalic acid, 1-5 parts of palm wax, 5-10 parts of sodium silicate, 5-10 parts of surfactant AES, 3-8 parts of acetone, 3-8 parts of alkylphenol polyoxyethylene ether TX-10, 1-5 parts of sodium chloride, 1-5 parts of sodium benzoate, 3-8 parts of sodium tripolyphosphate, 1-5 parts of fatty alcohol polyoxyethylene ether AEO-9 and a right amount of pigment and essence. A processing method of the wax solvent comprises the following steps: 1) dissolving the palm wax in the acetone, heating to 50 DEG C, then adding the AES and AEO-9, and thoroughly dissolving; 2) dissolving the sodium tripolyphosphate in the hydrofluoric acid, and then dissolving the TX-10 in the sodium tripolyphosphate and hydrofluoric acid mixed solution; 3) mixing the mixed solutions obtained in the steps 1) and 2), thoroughly stirring until the solutions are completely mixed, then sequentially adding the sodium silicate, sodium chloride, pigment and essence, stirring, and standing; and 4) standing until foam is eliminated, and filling to obtain the finished product, wherein the finished product needs to be used after being diluted in water according to a ratio of 1:100. Thus, the wax solvent provided by the invention has the advantages of low cost and simple manufacturing process, and is convenient, quick and energy-saving to use.