Used Cars

Tough time for dealers seeking inventory as wholesale values soar

RECORD REBOUND: The Manheim Used Vehicle Value Index, a measure of prices at Manheim’s wholesale auctions, hit a record high in June after falling sharply in early spring. Figures shown date back to January 1995 when Manheim created the index and values were represented at 100. The index reached 149.3 this June. (AUTOMOTIVE NEWS ILLUSTRATION)
July 13, 2020 04:00 AM

As new-vehicle inventory at dealerships wanes across the U.S., more shoppers are turning to used cars, leading to record-high auction prices as dealers scramble to replenish their stocks.

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