Used car prices continue to crash per ⁦Manheim Used Vehicle Value Index. The year-over-year change came in at -10.4% in October, the worst since December 2008.
The Manheim Used Vehicle Value Index fell to 200.0, which was down 10% from October 2021. "Luxury cars led the pack with a 13.5% year-over-year decline in prices, followed by SUVs (-12.3%), midsize cars (-10.4%), pickup trucks (-8.4%), vans (-6.3%) and compact cars (-...