With Vehicle-to-Vehicle (V2V) communication capability, vehicle platoon on the highway helps to reduce traffic congestion. However, the dynamic nature of vehicles imposes challenges on the V2V-based platoon management. In this paper, by considering the characteristics of a Vehicular Ad-hoc Network (VANET), a microscopic platoon management scheme is proposed to deal with three basic dynamic platoon maneuvers, namely merging, splitting, and speed-change. The congestion detection feature of VANET is used as a scale for platoon merging, splitting, and speed selection. Real-time congestion is detected if the number of vehicles in a given road segment exceeds the occupancy rate or the time headway is less than the thresholds. In the proposed platoon management scheme, platoon maintenance is triggered in congestion detection. Finally, a VANET-based platoon platform is built by using Network Simulator Version 2 (NS2) network simulation to assess the performance over some real road traces generated by Simulation of Urban MObility (SUMO). It is shown that V2V-based dynamic vehicle platoon management provides an inexpensive technique to cope with the dynamic platoon management requirement.