Automotive Industry: Used Vehicle Pricing

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U.S. used-car prices continue to surge, with the Manheim Used Vehicle Value Index up 6.3% year-over-year in June

• The Manheim Used Vehicle Value Index (MUVVI) rose 6.3% y/y and 1.6% m/m to 208.5 in June.
• The index had risen 4% y/y in May to 205.2.
• In April, it was up 4.9% y/y to 208.2.