Used car prices have taken a U-turn for the wo🌱rse.
After four straight months of decli🍨nes, wholesale used car marketplace Ma𝓰nheim reports that increased by 0.7% in May.
Wholesale costs typically predi⛎ct the direction retail prices will take in about six to eigh🔯t weeks.
Wholesale prices had dropped 1% from March to April, which was a slower rate thജan seen during the preceding months, and retail pric🥂es were down the same amount in May.
The &nb🗹sp;since last year due to a shortage of new car inventory as a result ওof ongoing parts supply issues.
Sales of new cars in May were down 31% from ꦰ2021 among the .
