New car prices had the smallest year-over-year increase in four years, according to just-released June data.
Similarly, used car prices show signs of stabilizing, even cooling slightly. In new data released this week, Cox Automotive said its Manheim Used Vehicle Value Index showed the prices car dealers paid for a used car in June dropped dramatically from the year-ago period. And, the index was down 4.3% in June compared with May, which analysts say is one of the largest drops in…
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