Topline
Although up slightly from November, used car prices paid by wholesalers last month fell the most on a yearly basis since at least the late 1990s—continuing a steep decline that should bode well for overall inflation, which has long been plagued by supply chain driving constraints up the price of used vehicles.
“New and used car prices are likely to decline through most of 2023,” says one economist.
Key Facts
Used vehicle prices in the US increased 0.8% from November to December but plunged 14.9% from one year prior, according to the Manheim used-vehicle price