Used-Car Prices Record “Largest Annualized Decline In Series’ History”
January 09, 2023 at 14:40 PM EST
Cox Automotive reported that its Manheim Used Vehicle Value Index (MUVVI), which tracks the auction prices of used cars, plunged the most on record in December from a year ago as the auto market cools. MUVVI increased 0.8% in December from November and rose slightly to 219.3, but was down 14.9% from a year ago. “This was the […] Source
