Used-car prices are falling. That’s good for car buyers. For car makers, the data isn’t as positive.
The widely followed Manheim Used Vehicle Value Index is released on the fifth business day of each month. It tracks wholesale used-vehicle pricing. The reading for July came in at 211.7, down 11.6% year over year.
Pricing has now fallen for 11 consecutive months. In six of the 11, prices have fallen by double-digit percentages. Prices, however, are still up about 38% from the…
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