AS AN indicator of what might be in store for car retailers in the Australian market, over-inflated used-car prices in the US have made a sudden correction in the biggest decline seen since the start of the pandemic in April 2020 and one of the biggest falls ever recorded by Cox Automotive’s US Manheim index.
Cox Automotive senior manager of economic and industry insights, Chris Frey, said that the Manheim Used Vehicle Value Index (MUVVI) fall was 4.2 per cent in June, compared…
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