This May Be the End of the Massive Deflation in Used Vehicles that Pushed Down Core CPI: Wholesale Prices Surge for 2nd Month amid Strong Sales Growth & Tight Inventories

Prices of used cars, SUVs, pickup trucks, and vans that were sold at auctions across the US jumped by 1.2% in August from July, seasonally adjusted, the second jump in a row after a long series of declines, according to today’s Used Vehicle Value Index by Manheim, which runs about 8 million vehicles...