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For instance, during the J.D. Power Auto Summit in early 2024, Banks told the attendees that despite the price drops in the used car market, consumers are still paying 20% more than in 2021.
Vehix, which operates the Vehix.com website, was an online automotive research and listing service owned by Comcast. The company launched in 2000 in Salt Lake City , developing partnerships with CARFAX and J. D. Power and Associates to provide broad-based, consumer-friendly comparison information about different brands and models of automobiles.
According to the highly-watched Manheim Used Vehicle Value Index (which tracks wholesale used-car prices at dealer auctions), used car prices jumped 3.7% in February compared to January of this ...
Using data from the Mannheim Used Vehicle Value Index, Cox Automotive recently reported that the seasonally unadjusted price for used vehicles was down 4.8% since September 2022. See: 4 Luxury ...
Used car prices tumbled 7.0% in 2023, the second year in a row of falling prices in the sector after a massive pandemic-era run-up. The Manheim Used Vehicle Value Index (MUVVI), which tracks used ...
A used inexpensive car is now becoming more and more of a luxury. What the market wants right now is not available, and that’s $3,000, $4,000 and $5,000 cars.
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