Used car prices could grow volatile late in 2023. This summer, they remained relatively high, as dealers were short on used cars to sell. But an important signal suggests they could come down soon.
The wholesale prices dealers pay at auction for the used cars they later sell have started to fall.
The Manheim Used Vehicle Value Index tracks the prices dealers pay for used cars at auction. It is a product of Kelley Blue Book’s parent company, Cox…
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