Last month, the average price of vehicles sold at Manheim’s wholesale auctions was 10.3 percent lower than it had been in June 2022. After three consecutive months of falling prices, analysts are starting believe the used car market is set to stabilize. That’s the good news.
Now, the bad news: that stable point appears to be nowhere near the pre-pandemic status quo, even if it is a decent bit better than those miserable post-pandemic peaks. The…
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