Used-Car Prices Rise in January
Though month-over-month prices were up, the Manheim Used Vehicle Value Index was down from the inflated levels seen a year earlier. IMAGE: Mohamed Hassan Wholesale used-vehicle prices made an unexpected month-over-month jump in January as demand increased. Retail prices typically follow wholesale trends. Adjusted for mix, mileage and season, prices rose 2.5%, according to Cox Automotive’s Manheim Used Vehicle…