Used-Vehicle Wholesale Prices Sagged to Where They’d Been 2 Years Ago, But Are Still High. Where Will They Go? Automakers’ Finance Companies Placed their Bets

Used vehicle wholesale prices at auction fell by 1.6% in July from June, seasonally adjusted, and by 3.8% not seasonally adjusted, and by 10.7% year-over-year, to an index value of $19,546, just about exactly where it had been in April 2021...