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Used car prices rise to highest point since summer 2023

Apr 07, 2026 13:01 UTC

Used car prices rise to highest point since summer 2023.

  • Prices of used vehicles are continuing to rise amid relatively tight supplies, according to a closely watched automotive industry barometer
  • Cox Automotive'sManheim Used Vehicle Value Index— which tracks prices of used vehicles sold at its U
  • S

Prices of used vehicles are continuing to rise amid relatively tight supplies, according to a closely watched automotive industry barometer. Cox Automotive'sManheim Used Vehicle Value Index— which tracks prices of used vehicles sold at its U.S. wholesale auctions — increased 6.2% last month compared with a year earlier. The index also hit its highest level since the summer of 2023, the company said Tuesday. Demand for used vehicles remains strong despite geopolitical tensions,high gas pricesand theIran war, according to auction data from Manheim. "We thought we'd see some impact from the Middl

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