A sign reads ‘We Buy Used Cars!!’ at an auto dealership on February 15, 2023 in Glendale, California.
Mario Tama | Getty Images
DETROIT – Wholesale used vehicle prices reached their lowest level of the year in May, as sales fell amid high interest rates and inflated retail prices.
Cox Automotive reported Wednesday a 2.7% decline from April to May in its Manheim Used Vehicle Value Index to 224.5. It marks the second consecutive monthly decline and the index’s lowest level since…
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