Used-car prices surpass $22K in April as supply dwindles

The Manheim Used Vehicle Value Index increased 48% YoY in mid-May

© Can Stock Photo / hansenn

The average listing price on used vehicles surpassed $22,000 for the first time ever at the end of April, a symptom of continued supply woes. Used inventory sat at 2.23 million units, or 35 days’ supply, at the end of April 2021, according to vAuto data. This is down from 2.34 million units at the […]

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