The price of the average used car rose last month. But the increase may be short-lived.
The wholesale price dealers pay for the used cars they later sell has crested and begun to fall.
According to the Manheim Used Vehicle Value Index, prices fell 0.6% in the last month after adjustments for normal seasonal changes. The index, a product of Kelley Blue Book parent company Cox Automotive, tracks the prices dealers pay for the used cars they later sell to consumers.
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