Used Car Prices Have Declined Only Modestly So Far

In my latest Forbes.com article, I studied the May report from the Manheim Used Vehicle Value Index.

“Interestingly, the drop in sales only resulted in a temporary inventory backlog. While Manheim estimates that retail used car inventory in April was 161% higher than usual, May used car inventory has dropped 25% below average. The supply reduction may be due to fewer buyers trading in older vehicles, as new vehicle sales followed a similar trajectory from April to May.”

Lots more at Forbes.com.

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