Manheim Used Vehicle Index declines for second straight month
Used-vehicle values are expected to normalize as the market balances
The July Manheim Used Vehicle Value Index is down to 195.2 — approaching levels logged in April — a decrease of 2.59% from June but still up 23.54% year over year. The decline continues from June after the Index reached its peak in May. In prior years, after the index has reached its absolute peak, a decline is expected, Cox Automotive Chief Economist Jonathan Smoke told Auto Finance News. With the Index surpassing 200 for the first […]
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