Used Car Prices Are Up Again. Buyers Can’t Catch a Break.

Used cars deals are slowing drying up. And used car prices have some support from an unlikely source: Covid-19. While that isn’t a bad thing for the car industry and investors, it is a bummer for potential car buyers.

On Wednesday, used car data information provider Manheim released its used vehicle value index reading for January. The index came in at 224.8 in January, jumping 2.5% from December’s 219.3 reading. It’s the second consecutive monthly increase.