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 percent year over year in June.
It tracks wholesale prices of used cars sold at auction and typically predicts future prices month in advance.
“End-of-year expectations for the Manheim Used Vehicle Value Index [which tracks car prices] have been downwardly revised, mainly based on the decreases already seen year to date,” the report noted….