According to The Hill, wholesale used car prices dropped by the largest monthly amount since the pandemic began.
- What percentage drop in used car prices occurred between May to June?
- The Manheim Used Vehicle Value Index (MUVVI) saw a drop of _____ from a year ago.
- What was the percentage drop in the MUVVI in April 2020?
- Which types of cars saw the greatest drop in wholesale prices as compared to a year ago? What types saw the smallest drops in wholesale prices since June 2022?
Sforza, L. (2023). Wholesale Used Car Prices Drop by the Largest Amount Since Pandemic Began. The Hill, July 10 (Retrievable online at https://thehill.com/business/4088856-wholesale-used-car-prices-drop-by-largest-amount-since-pandemic-began/)