With Older, High-Mileage Used Vehicles In Short Supply, List Prices Vault Into Record Territory
06/24/2021
The headline for June is hard to miss: Used-Vehicle List Prices Hit an All-Time High. The record, however, was mostly expected, as used-vehicle values at the wholesale level were climbing relentlessly through the spring and, ultimately, drove higher retail prices. The price jump this spring was created by a number of factors, including government stimulus putting more money into circulation. Demand has been healthy, inventories tight, and dealers…
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