Used car prices spike 6.3% in US, highest since Oct 2023
The Manheim Used Vehicle Value Index rose 6.3% YoY in June-its sharpest rise in nearly three years-hitting its highest level since Oct 2023. Analysts cite Trump's auto tariffs and new vehicle supply strains as key drivers. As buyers shift to used cars, Carvana stock has surged 72% YTD, while CarMax lags.