Wholesale used car prices dropped again—what that means for bargain shoppers
2023-07-31 - Scroll down for original article
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Car dealers paid about 1% less for used cars at auction in the first half of July than they did in June. That’s news, mainly because wholesale prices were already down more than 10% in June from where they stood a year ago. The numbers come from the Manheim Used Vehicle Value Index, a product of Kelley Blue Book parent company Cox Automotive. The index tells us dealers are now paying 11.1% less for used cars than a year ago.