Used Car Prices Spike, Highest Jump In 14 Years

  • Used car prices have seen the largest February increase in 14 years as inflation continues to drive consumer prices.
  • Wholesale used-vehicle prices increased 4.1 percent from January through the first half of this month, signifying the largest February increase since 2009’s full-month 4.4 percent gain, according to the mid-month Manheim Used Vehicle Value Index from Cox Automotive.
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