Car dealers are paying almost 15% less for used cars at auction than they did a year ago.
Used car prices are in a slow decline early in 2024. The average used car buyer is paying about 3% less than they did a year ago.
That trend is likely to continue, as dealers are paying less to acquire used cars in the first place.
That news comes from Kelley Blue Book’s parent company, Cox Automotive, which also owns car auction giant Manheim — where car…
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