Used auto prices are down for a third straight month, setting the expectation that the sector will contribute to further signs of easing in June’s Consumer Price Index print due on Wednesday.
Wholesale used vehicle prices decreased by a record 4.2% in June from the previous month, according to Manheim Market Insights. The Manheim Used Vehicle Value Index, a closely watched measure of prices, plunged 10.3% year-over-year in June.
The drop eases concerns of sticky inflation in a…
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