Used car prices in June posted their largest decline since the beginning of the pandemic.
Wholesale used vehicle prices last month experienced their largest decline since the beginning of the Covid-19 pandemic.
"Buyers at auction look to have taken an early summer break, and while used retail inventory has been improving over the last several weeks, we are expecting less volatility in wholesale price movements through year-end," Chris Frey, Cox senior manager of economic and industry insights, said in a release.Sign up for NBC LA newsletters.
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