Wholesale Used Car Prices Down in 2023 After August Uptick

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Automotive has reported a slight increase in wholesale used vehicle prices in August. The company's used vehicle value index finds that prices rose 2/10 of a percent from July. The index tracks vehicle sales at us dealership auctions. It's the first increase since March while prices are continuing to fall from all time. Highs since the pandemic cox predicts that used vehicle retail sales were up 5% in August compared to July and now 8/10 of a percent year on year.