The price of the average used car in America is on the way down. New data suggest it may fall further.
In February, the average used car sold for 4% less than last year. Dealers are paying even less for used cars at auction.
The Manheim Used Vehicle Value Index tracks the wholesale prices dealers pay at auction for the used cars they later sell. The index ended February down 13.1% from a year earlier, even after adjustments for seasonal…
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