News: October 20, 2022. Used Car Prices Start to Fall

The Manheim Used Value Index fell 10.3% with respect to 1 year ago. The decline is 2.0% if we compare it with the month of September.

Link for graph

The Manheim Used Vehicle Value Index reached its highest in January 2022 and continues to decrease, it is down more than 15% from the peak. The most plausible explanation is that the Federal Reserve's aggressive interest rate increases are suppressing demand.

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This post is intended to only raise awareness. In order to make actual financial decisions please contact your financial advisor and/or tax advisor prior to making the decision.