Auto Apex
06/08/2022 |
While wholesale used-car prices (on a mix- mileage-and seasonally adjusted basis) inched up 0.7% in May compared to April, they are up just 9.7% Y-o-Y. While still large, Y-o-Y prices were up 45% as recently as January and 14% in April. Moreover, May prices rose the first three weeks of the month but declined over the last ten days. Used-car prices remain up about 55% compared to their pre-covid level.