Luxury

Something unusual is going on with used car and truck prices

One year ago   |   By

Justin Sullivan/Getty
The prices of used cars and trucks continue to surge, according to Manheim, an auto-auction company.
Manheim ascribes the rising prices to two factors: Strong retail demand, and recently, the replacement demand after the hurricanes.
About 40 million will be sold this year, and prices are rising.
Manheim, the world's largest wholesale auto-auction company, reported that prices of used vehicles that went through its auctions jumped again in October. Its Used Vehicle Value Index - which is adjusted for mix, mileage, and seasonal factors - rose 1% from September and 8.1%...
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