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Wholesale vehicle prices have declined double-digit percentages for two consecutive months, but it’s important to “put some perspective on that,” according to analysis around Cox Automotive’s latest Manheim Used Vehicle Value index. Used retail inventory continues to rebuild; but with used retail sales also showing some summer strength, we do not foresee wholesale price declines of serious import through December,” Frey said. “On the other hand, dealers did not lower used retail prices in July even as days-to-turn metrics stayed above 50 days. We expect wholesale to continue to decline through the rest of the year.”Even with the summer slowdown in values, the Cox Automotive and Black Book indices measuring wholesale vehicle prices are both significantly higher than they were pre-pandemic. “While the spike in used car prices is unprecedented, the real surprise relates to used car mileage,” iSeeCars executive analyst Karl Brauer said in a news release around the data.