Wholesale used-vehicle prices in the US increased 2.8% in July, according to MUVVI.

Wholesale used-vehicle prices in the US increased 2.8% in July, as reported by Manheim Used Vehicle Value Index (MUVVI), reaching 201.6. Despite a 4.8% year-over-year decline, the rise in prices is attributed to lower lease maturities, supply constraints, and improved wholesale values. The market is predicted to stabilize due to a shortage of younger used vehicles caused by the chip shortage and decline in leasing.