Used-car prices in the US fell 4.2% in June from May, the largest drop since the pandemic began, and were down 10.3% from the previous year, as a key measure of inflation eases.
The price drop in June was the biggest ever for the month and among the largest in the history of the used-car price index compiled by Manheim, a vehicle auction service. It was the sharpest decline since April 2020, when Manheim’s Used-Vehicle Value Index plunged 11.4%.
