Mid-May Plot-Twist: That Drop in Used Vehicle Wholesale Prices Already Fizzled. Prices Rise Again. Dealer Listing Prices Hit Record $28,365
by Wolf Richter, Wolf Street: Buyers’ revolt, sales plunge 19%. But dealers, sitting on high-priced inventory, resist price cuts, which would boost sales. Used-vehicle wholesale prices suddenly rose again by mid-May, after falling three months in a row, seasonally adjusted, with the underlying dynamics firming up in May as well, according to the mid-month update by […]
