The wholesale prices car dealers pay at auction for the used cars they later sell rose slightly in August. That’s bad news for used car shoppers. Retail prices often follow wholesale prices, making the same adjustments after a delay of six to eight weeks.
Dealers are still paying substantially less than they did a year ago.
The Manheim Used Vehicle Value Index tracks the prices dealers pay for used cars at auction. It is a product of Kelley Blue Book parent company Cox…
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