Used Car Prices Inch Upwards In August, Reigniting Inflation Concerns ...Middle East

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Used Car Prices Inch Upwards In August, Reigniting Inflation Concerns
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Auto research firm Cox Automotive - the owner of the closely followed Manheim price index - published new data for the first 15 days of August that shows wholesale used-vehicle prices marginally increased—an ominous sign of sticky inflation.  The mid-month Manheim Used Vehicle Value Index increased by 0.1% from July in the first 15 days of August -- the first increase in four months. But when compared to the full month of August 2022, the index was down 7.8%.  Perhaps tight supply is driving re-inflation trend at…

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