Sales are declining again, after having risen for years. Wholesale prices slip year-over-year for first time in 33 months. But "cars" still dominate "trucks."
Used-vehicle prices in October at wholesale auctions around the US experienced the first year-over-year decline after 32 months in a row of gains, inching down 0.4% from October 2018, according to the Used Vehicle Value Index by Manheim, the largest auto-auction house in the US, running about 8 million vehicles through its auctions a year. The index is adjusted for mix, mileage, and seasonality.
This followed two phenomenal spikes