Wholesale used-car prices tumbled for a third straight month in June, in the largest drop since the start of the pandemic in 2020. Prices in that sector, dropped by 4.2 percent from May to June, according to a  Cox Automotive’s Mannheim Used Vehicle Value Index (MUVVI), a measurement of wholesale prices of used vehicles, fell 10.3…

Used-car prices in the United States have gone back up again in March, after easing for months. The average used-vehicle price was gradually leaning toward affordable again for millions of Americans for almost a year. Although the relief was relatively slight, many car buyers benefited from the price decline. The average used-car purchase had dropped from…

American used car prices climbed even higher as inflation continues to rise, according to a recent report. It appears unlikely that car buyers will get good bargains for used cars or trucks this spring, with wholesale used vehicle prices surging for a third consecutive month in a row in February. Cox Automotive’s Mannheim Used Vehicle Value…

Wholesale prices of used cars declined for the sixth straight month in November, after hitting record levels earlier this year, but retail prices remain stubbornly high as American shoppers face rising interest rates. The Manheim Used Vehicle Value Index, a leading indicator of wholesale used-car prices in the United States, dipped 0.3 from October to…