While used cars prices are diving, large utility and pickup truck prices mitigate downward trend.
According to the May edition of NADA Used Car Guide’s Guidelines report, wholesale used vehicle prices fell by an average of 1.7 percent in April largely due to a poor performance across car segments. As a result of the occurrence, NADA Used Car Guide’s seasonally adjusted used vehicle price index fell for the fifth straight month, dropping by 0.6 percent from March to 118.0.
Generally, lower used vehicle prices increase pressure on the number of total losses impacting the collision repair industry, while rising prices
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