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Weekly Wrap: Descending used-vehicle values and an influx of funding

Several auto lenders recently raised millions in investor funding and issued in the ABS market

Amanda Harris

The auto finance industry is poised for change as used-vehicle values declined for the second straight month following nearly a year of record increases. The July Manheim Used Vehicle Value Index fell to 195.2, down 2.59% from June but still up 23.54% from a year ago. The index peaked in May when it surpassed 200 […]

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