Mid-July used values pacing for second-straight record month | Auto Finance News | Auto Finance News

Mid-July used values pacing for second-straight record month

© Can Stock Photo / welcomia

Wholesale used-vehicle values have continued to outpace past reporting periods, evidenced by a spike to 155.9 in Manheim’s mid-July used-vehicle value index. The increase, which rose 6.3% from the first half of June, can be attributed to dwindling used retail and wholesale inventories, said Cox Automotive Chief Economist Jonathan Smoke in a quarterly conference call. […]

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