The latest trends in key indicators suggest wholesale used vehicle values will continue to see depreciation in the days ahead.
Demand has been healthy, inventories tight, and dealers have felt little pressure to lower prices.
The average listing price surpassed the $22,000 mark for the first time ever in April, closing the month at a new high of $22,568.
Wholesale used vehicle prices increased 0.47% month-over-month in October, bringing the mid-month Manheim Used Vehicle Value Index to 161.9, a 15.4% increase from October 2019.
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