Wholesale vehicle price softening continues

Autumn continues to bring some pricing relief to the auction lanes, with at least two indices hitting their lowest levels in more than a year.

After a 2.2% month-over-month and 10.6% year-over-year decline (when adjusting for mix, mileage and seasonality), the Manheim Used Vehicle Value Index was at its lowest level in 14 months.

That’s according to parent company Cox Automotive, whose data indicates …

Source Article