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Used-vehicle ‘spring bounce’ delayed as tax refunds remain behind schedule

Tax refund delays are expected to extend into May

Whitney McDonald

Used-vehicle values fell for the third straight month in April as tax refund delays sat four weeks behind normal pace and supply improved from a year ago. The Manheim Used-Vehicle Value Index inched down 1% month over month to 221.2, remaining 14% above April 2021’s index. Used-vehicle values also declined in February and March as […]

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