The volatility in the used car market rolled on in 2022, but there might be some relief for car buyers coming this year.
The Manheim Used Vehicle Value Index (MUVVI) for the month of December posted a 0.8% increase in wholesale auto prices month over month, however it dropped a whopping 14.9% year over year, the largest annualized price decline ever in the 26-year history of the index.
That being said, December’s index rating of 219.3 is still much higher than pre-pandemic…
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