- Cox Automotive reported a slight uptick from July to August in its Manheim Used Vehicle Value Index.
- The index, which tracks vehicles sold at its U.S. wholesale dealership auctions, remains elevated from historical levels but is down 7.7% compared with August 2022.
- Retail prices for consumers traditionally follow changes in wholesale prices.
Used cars are offered for sale at a dealership on July 11, 2023 in Chicago, Illinois.
Scott Olson | Getty Images
DETROIT – Prices of wholesale…
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