Used car prices eased by a record amount for the month of June. That has shares of used car dealers moving higher.
The Manheim Used Vehicle Value Index, a closely watched indicator of car prices, fell 10.3% in June from the prior year. It’s the tenth consecutive month of annual declines. June’s decrease was a record for the month, according to Cox Automotive, the entity that owns Manheim.
The used car pricing index is now off about 17% from peak levels, reached in January…
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