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Overheard: Used Vehicle Index Updates

The Mannheim Used Vehicle Value Index declined by 0.1% from June to July.

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The Mannheim Used Vehicle Value Index declined by 0.1% from June to July. However, the index is up 12.5% from a year ago (Data and graphics from Cox Automotive). Used vehicle prices have zoomed up since January, 2021, as a consequence of the shortage of new vehicles. If used vehicles are more valuable, their owners will probably spend more to keep them on the road.

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