Reported about 11 hours ago
U.S. used car prices are experiencing a significant increase, driven by market volatility related to auto tariffs imposed by President Trump. The Manheim Used Vehicle Value Index reported a 1.6% rise in June from May and a 6.3% increase year-over-year, marking the largest jump since August 2022. Despite typical price pressures easing in the summer, ongoing high retail sales and declining vehicle supply could support continued price increases in the coming months.
Source: YAHOO