Wholesale vehicle prices are falling, but take that with grain of salt
Tuesday, Aug. 8, 2023, 04:45 PM
Joe Overby, Senior Editor
Wholesale vehicle prices have declined double-digit percentages for two consecutive months, but it’s important to “put some perspective on that,” according to analysis around Cox Automotive’s latest Manheim Used Vehicle Value index.
Last month's 11.6% year-over-year decline in the Manheim index (adjusting for mix, mileage and seasonality) — which followed June’s 10.3% drop — is a far cry from ...