US wholesale used-vehicle prices surge 2.8% in July despite ongoing challenges
In a notable development for the automobile industry, wholesale used-vehicle prices surged by 2.8% in July, showcasing the sector’s adaptability amidst evolving market conditions. This significant increase, reported by the Manheim Used Vehicle Value Index (MUVVI), marks a reversal from previous trends and highlights a burgeoning recovery in the used-vehicle market. July’s price jump defies