Used-vehicle prices are bouncing back from last month’s lows and approaching J.D. Power’s pre-pandemic forecasts, a welcome development for ailing automakers and rental-car companies.
J.D. Power’s weekly wholesale auction price index is now down just 1.9% from where the market researcher expected prior to the coronavirus. Prices have recovered after plunging as much as 16% below the forecast for the week that ended April 19.