After a steep fall, used car prices poised to rise again | CNN Business

Higher retail prices on used car dealer lots are likely to be close behind. According to data from Manheim, the largest wholesale automotive marketplace, prices jumped 4% in just the last two weeks, an unusually large increase in such a short time period. While many in the industry expected the drop in prices wouldn’t last, the sudden increase caught many by surprise.

In March and April of 2020, auto plants across the nation were shut by stay-at-home orders, and many dealerships were closed. Demand for cars also fell off a cliff amid record job losses and millions of additional workers shifted to working from home rather than commuting.

We would benefit from some cities designed in ways that privately owned vehicles are uncommon, imo.

Biden sucks. 🤡

Remember when all you worried about were Mean Tweets. Well for all of you who voted for this Pedophile, may you all suffer for your sins and lies. You are getting what you deserve. NO PITY FOR YOU!!

Lol with new rides starting at am near 100k after mark up used cars can either get competitive or sit on the lot

Auto Nation exec said exact opposite. Prices will drop throughout the year after 1st q.

Thanks Joe.

Experts predict a shift in the market that could drive prices up, leaving some buyers feeling 'taken for a ride'.

Hello, I am tortured by USA military and CIA. They cause me lots of suffering by shooting radio waves at me. I want them to stop hunting TargetedIndividuals Sometimes they lock me up to medicate me for months. Outside people follow me to bother me. We are spied on.

EV's

CANNOT BELIEVE YOU REFUSE TO COVER THE TOXIC TRAIN DERAILMENT IN EAST PALESTINE OHIO! WHY? BECAUSE IT IS A PRIMARILY WHITE REPUBLICAN WORKING CLASS AREA? YOU PEOPLE ARE DESPICABLE! YOU ARE LIGHT YEARS FROM FAIR AND BALANCED!

Lies. There was no steep fall

Why not? Everything else is under this horrible administration 😖

Of course

It’s tax season.

Steep fall? Used cars and trucks are at an all time high since China told us to screw ourselves and withheld computer chips. But CNN knows all about steep falls...all the way to the bottom of ratings..

How long will you protect your staff?🤔

Because leftism and their policies are making used cars a premium.

It's all Bidens fault...oh wait 🤔

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