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Wholesale US used-vehicle prices drop in April in Manheim index

There has been a recent bounce in US used vehicle prices that would have been concerning to Fed officials that are fretting about inflation. However some of that bounce was unwound in the latest data with the Manheim used vehicle index down 3.0% m/m in April and 4.4% y/y.“While values increased 8.6% through the first quarter from December, the market has reversed course in April, with our monthly figures showing a month-over-month decline for the first time in 2023,” said Chris Frey, senior mana... Read More

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Content Topics

Wholesale

Used

Vehicle

Prices

Drop

April

Manheim

Index

Used vehicle

Forex

Posted: May 5 2023, 13:21

Author Name: forexlive

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