Used-Car Prices Record “Largest Annualized Decline In Series’ History”

Cox Automotive reported that its Manheim Used Vehicle Value Index (MUVVI), which tracks the auction prices of used cars, plunged the most on record in December from a year ago as the auto market cools. MUVVI increased 0.8% in December from November and rose slightly to 219.3, but was down 14.9% from a year ago. “This was the […] Source