Used car and truck prices marked another sequential decline on Tuesday, continuing a trend downward from a summer peak.
According to the Bureau of Labor Statistics, the index for used cars and trucks fell
2.9% in November, accelerating from 1.1% and 2.4% declines in September and October. The index has declined for 5 straight months and is now 3.3% below 2021 levels.
The used car and truck index is the only category to fall from 2021 on an unadjusted basis.
Related tickers: Carvana ( NYSE: CVNA ), CarMax ( NYSE: KMX ), Lithia Motors ( LAD ), Group 1 Automotive ( GPI ), Penske Automotive Group ( PAG ), AutoNation ( NYSE: AN ), Vroom ( VRM ), Sonic Automotive ( SAH ), and Asbury Automotive Group ( ABG )
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Used car and truck prices continue to tumble in latest CPI report