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Home » Big Wheels: Used-car values drop 15% in March

Big Wheels: Used-car values drop 15% in March

Manheim Used Vehicle Value Index landed at 203.1

Joey PizzolatobyJoey Pizzolato
June 10, 2024
in Big Wheels
Reading Time: 2 mins read
0
GTE FCU issues $200M ABS deal in second issuance

Used vehicles for sale at a dealership in Colma, California, US, on Tuesday, Feb. 21, 2023. A surprise jump in used-vehicle prices last month is adding to US car buyers' frustration and has the potential to dent hopes inflation is headed lower even as the Federal Reserve hikes interest rates. Photographer: David Paul Morris/Bloomberg

Used-vehicle values declined for the second consecutive month after holding steady at the top of the year as retail sales improved. The Manheim Used Vehicle Value Index dropped 0.4% month over month and 14.7% year over year to 203.1 in March, according to Cox Automotive. March marks the second month of sequential declines after vehicle […]

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