July used-vehicle values reach new record high

Photographer: Bloomberg/Bloomberg

Used-vehicle prices continue to recover as inventory remains low. The July Manheim Used Vehicle Value Index sits at a record high of 158.0, a month-to-month increase of 5.83% from 149.3 in June and a year-over-year increase of 12.5%. The used-retail seasonally adjusted annualized rate (SAAR) is also improving and is estimated at 20.4 million, a 7.94% increase from June but a YoY decrease […]

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