Used-car prices have held steady for a month. Not only was that good for the buyers, but maybe for anyone else now in the market for a used car—or for that matter, just about anything.
The Manheim used vehicle pricing index, a well-respected gauge owned by Cox Automotive, was 236.3 in January, essentially flat from December but up 45% from a year ago. The index posted four big consecutive monthly gains beginning in September—from 194.5 to 236.2. January was the first sign in nearly two years that things are cooling off.
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