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Cox Automotive: Used Vehicle Pricing Climbing Toward Post-Pandemic High-Water Mark

  • Used vehicle pricing has reached its highest level since late 2023 due to the pre-tariff car sales rush.
  • Cox Automotive's Manheim Used Vehicle Value Index showed a 4.9 percent increase, surpassing the traditional 'spring bounce.'
  • Tariffs on imported vehicles and parts indirectly impact the used car market by influencing new car pricing, availability, and buyer demand.
  • The average used vehicle price rose by 2 percent to over $25,000, while new cars averaged $48,000, reflecting a general price increase.

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