Used-Car Wholesale Prices Surge, Retail Volume Drops. New Cars Sink Deeper into Carmageddon

Prices of used vehicle that were sold in May at wholesale auctions rose 4.0% compared to May last year, according to Manheim,  the largest auto-auction house in the US, running about 8 million  vehicles through its venues a year. The chart of the Manheim Used  Vehicle Value Index, which is adjusted for mix, mileage, and  seasonality...