Auto research firm Cox Automotive - the owner of the closely followed Manheim price index - published new data for the first 15 days of August that shows wholesale used-vehicle prices marginally increased—an ominous sign of sticky inflation. The mid-month Manheim Used Vehicle Value Index increased by 0.1% from July in the first 15 days of August -- the first increase in four months. But when compared to the full month of August 2022, the index was down 7.8%. Perhaps tight supply is driving re-inflation trend at…
