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.
The Mannheim Used Vehicle Value Index declined by 0.1% from June to July.
AASA Top Suppliers Spotlight
CRC Industries, Inc.
Headquarters: Horsham, PennsylvaniaKey Executive: Perry Cozzone, CEOKey Executive: Louis Fresta III, Vice President Sales