
Higher interest rates are likely hurting used-vehicle demand because consumers can’t afford the higher monthly payments.
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Despite elevated vehicle prices, soaring interest rates and high inflation, there are no signs that demand is falling off yet.
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Wholesale prices had been moving downward for most of the year and decreased 4% in August from July, widening the divergence with retail prices.
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But don't get too excited. Days supply is still far below historical levels and production has yet to catch up to demand.
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Despite lower production, there are more vehicles ready to be sold due to sales losing momentum since June.
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Spring has come to an end, with cars declining in values greater than trucks.
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