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If you’ve been browsing utilized auto lots or inspecting online listings, you’ve likely noticed costs are climbing quickly. According to Cox Automotive’s Manheim Used Vehicle Value Index, wholesale secondhand vehicle costs in April 2025 hit their greatest level since October 2023, surging 4.9% year-over-year to 208.2. A mix of brand-new vehicle tariffs, diminishing supply, and transforming customer actions is drinking up the used cars and truck market.
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