Higher interest rates are likely hurting used-vehicle demand because consumers can’t afford the higher monthly payments.
Manheim Index Declines Again as Used Vehicle Market Slows
Only three of eight major market segments saw seasonally adjusted prices that were higher year over year in September. The full-year Manheim Used Vehicle Value Index forecast is expected to finish the year down nearly 14% YOY, up from the second quarter’s revised forecast of a 6% decline.
media brand