While some are thrilled to have retired from a tumultuous industry, most are neck-deep in a desert of pent-up demand, increased commodity and oil prices, and the after effects of the Ukraine/Russia conflict, the effects of which remain to be seen.
Manheim Used Value Index Drops 9.6% Due to COVID-19 Pandemic
Wholesale used vehicle prices dropped 11.8% month-over-month so far in April, bringing the Manheim Used Vehicle Value Index to 125.2, which is 9.6% lower than it was at the same time in 2019, and could reach lows not seen since 2008.