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mmayr

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mmayr

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Thursday, 11/09/2023 2:21:51 PM

Thursday, November 09, 2023 2:21:51 PM

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Used Vehicle Prices Record Largest Maximum Drawdown In History

Auto research firm Cox Automotive - the owner of the closely followed Manheim price index - published new data this week for October that shows wholesale used-vehicle prices continue to slide and have reached the lowest levels since April 2021.

The Manheim Used Vehicle Value Index stood at 209.4 in October, down 2.3% from September. The index is down 4% from a year ago. These wholesale prices filter into the retail side of the market with a slight lag.

See Article Here: https://www.zerohedge.com/markets/used-vehicle-prices-record-largest-maximum-drawdown-history?utm_source=&utm_medium=email&utm_campaign=1971

Economics by Following the Money ~ Globally & Nationally on Twitter @Conan644

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