WASHINGTON (TNND) — The cost of used cars reaches the highest it’s been since the summer of 2023, according to reports. The Manheim Used Vehicle Value Index increased 6.2% in March, which is the ... Prices for used cars are the highest they’ve been since 2023, according to the latest update of Cox Automotive’s Manheim Used Vehicle Value Index released Tuesday.

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The index, which is a benchmark for ... Used car prices hit their highest level since summer 2023 as demand stays strong, with the Manheim Used Vehicle Value Index rising 6.2% year over year. Carscoops on MSN: Used-Car Prices Are Back To 2023 Highs, And EVs Are Leading The Climb Off-lease EVs are flooding the used market, yet prices are rising faster than gas-powered cars, and gas costs are a big reason why ... According to Cox Automotive, the Manheim Used Vehicle Value Index rose 6.2% year‑over‑year in March to 215.3, which is its highest reading since summer 2023.

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Cox also reported that values were up 1.4% ... Manheim Used Vehicle Value Index hits 215.3 in March as used-car prices stay firm on tight supply, tax refunds & EV gains. AOL: 10 Used Luxury Cars That Still Feel More Expensive Than They Are 10 Used Luxury Cars That Still Feel More Expensive Than They Are