U.S. Used Car Prices
Used Cars Crash
Cox Automotive reported that its Manheim Used Vehicle Value Index, which tracks the auction prices of used cars, plunged 14.2% from a year ago. The index has also slid to the lowest point since August 2021 as used-car sales tumbled 10% in November. November's monthly decline on a year-over-year basis of 14.2% was the largest ever on Manheim's data.