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Wholesale flattens mid-month, while used retail vehicle sales rose slightly but are still down compared to last year.
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Over the last two weeks, Manheim Market Report (MMR) prices declined an aggregate of 1.9%, which was more than the normal decline of 1% for the time of year.
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The downward trend continues, as June CPO sales were down 1% from May’s sales stats.
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May’s CPO sales result is the lowest since February, also down over 22% from May 2021.
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But they remain off last year's pace because limited new-vehicle inventory has slowed the gently used segment due to fewer trade-ins.
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