Q2, especially April, could be ‘strongest’ time for used-car values

Though still considerably higher than year-ago levels, wholesale vehicle prices declined sequentially for the second consecutive month.

And the slowdown appears far from over, according to Cox Automotive, which said its Manheim Used Vehicle Vehicle Index came in at 223.5 in March.

While up 24.8% year-over-year on a mix-, mileage- and seasonally adjusted basis, that reading is 3.3% softer than February’s.

Without the seasonal adjustment, prices were up 0.6% from February and 23.2% from March 2021.

Looking forward, the current month could be …