Uptick In Used-Car Prices Marks Red Flag For Retailers -- Market Talk

Dow Jones02:43

1343 ET - An apparent increase in used-vehicle prices so far this month is a speed bump for pre-owned car sellers. Manheim's used-vehicle value index increased 0.5% year-on-year in its mid-November report. Falling used-car and truck prices after pandemic highs have been a general positive for used-car sellers like CarMax and Carvana in recent quarters. Many used cars became unaffordable during the pandemic, which drove away some shoppers, but declines in average selling prices have led to improvements. Another uptick in prices could threaten that progress. (ben.glickman@wsj.com; @benglickman)

(END) Dow Jones Newswires

November 20, 2024 13:43 ET (18:43 GMT)

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