Auto research firm Cox Automotive – the owner of the closely followed Manheim price index – published new data this week for the first 15 days of November that shows wholesale used-vehicle prices continue to slide and have stumbled into a bear market.
The Manheim Used Vehicle Value Index fell to 206.1, marking a 5.3% decrease from November 2022. There was a 2.3% decline in prices in the first half of November compared to October. After reaching its peak at 257.7 in December 2021, the index has officially entered a bear market with a 20% decline. Last month, the index […]
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