{"id":1996199,"date":"2023-08-10T01:32:04","date_gmt":"2023-08-10T05:32:04","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wholesale-used-car-prices-tumbled-in-july\/"},"modified":"2023-08-10T01:35:42","modified_gmt":"2023-08-10T05:35:42","slug":"wholesale-used-car-prices-tumbled-in-july","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wholesale-used-car-prices-tumbled-in-july\/","title":{"rendered":"Used car prices dropped significantly in July."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fwholesale-used-car-prices-tumbled-in-july%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1996199&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Wholesale\u200d Used Car Prices Continue to Drop in\u200b July<\/h2>\n<p>Wholesale used car prices in the\u2062 United States experienced another significant decline in\u2063 July, although \u2062the decrease was less severe compared \u200cto\u2063 the previous month, according to two prominent indicators for the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-climate-agenda-wont-replace-jobs-it-seeks-to-kill-separate-ap-wapo-fact-checks-suggest\/\" title=\"Biden\u2019s Climate Agenda Won\u2019t Replace Jobs It Seeks To Kill, Separate AP, WaPo Fact-Checks Suggest\">auto industry<\/a>.<\/p>\n<p>The\u200c prices of used vehicles took a sharp dive, while a combination of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/turkeys-lira-sinks-again-as-erdogan-cites-islamic-sharia-law-to-defend-economic-management\/\" title=\"Turkey\u2019s Lira Sinks Again as Erdogan Cites Islamic Sharia Law to Defend Economic Management\">high interest rates<\/a> and inflation contributed to the rise in car\u2062 payments, maintenance expenses,\u2063 and \u200dauto insurance costs.<\/p>\n<h3>Industry Experts Sound the Alarm<\/h3>\n<blockquote>\n<p>&#8220;The \u2063decline \u200cin wholesale used car prices is a cause for concern,&#8221; warns Cox Automotive,\u200c one\u2062 of\u200c the\u200d leading indicators in the industry.<\/p>\n<\/blockquote>\n<p>As the market continues to face challenges, \u2063consumers are feeling the impact of these changes. With\u200d prices dropping and expenses \u200brising, it&#8217;s becoming increasingly \u200cimportant\u200d for buyers to carefully consider their options and make\u200c informed decisions.<\/p>\n<h3>Adapting to the Changing Landscape<\/h3>\n<p>As\u200d the auto industry navigates through these turbulent times, \u200dit&#8217;s crucial for dealerships and consumers alike to \u2064adapt to \u200cthe\u200b shifting\u2063 market conditions. Staying informed\u200d about\u200c the latest trends and \u200bdevelopments \u2062can \u200bhelp individuals make smarter choices when it comes to purchasing and maintaining their vehicles.<\/p>\n<h3>Take Control of Your Car \u200bBuying Experience<\/h3>\n<p>With\u200c the current \u200bfluctuations in the used car\u200c market, it&#8217;s essential to take\u200d control of \u2064your car buying experience. Consider <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wholesale-used-car-prices-tumbled-in-july\/\" title=\"Used car prices dropped significantly in July.\">exploring alternative financing\u2064 options<\/a>, comparing insurance rates,\u2064 and staying proactive in your vehicle&#8217;s maintenance \u2062to mitigate \u200bthe impact of rising\u2064 costs.<\/p>\n<h3>Conclusion<\/h3>\n<p>While wholesale\u200c used \u200dcar prices experienced a \u2062decline in July,\u2063 the\u2063 industry continues to face challenges \u200bthat impact both\u2063 dealerships and consumers. By staying informed\u2062 and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/buttigieg-says-transportation-department-working-to-avert-summer-travel-disruptions-amid-demand-surge\/\" title=\"Buttigieg: Transportation Dept. Preventing Summer Travel Disruptions Amid High Demand.\">taking proactive measures<\/a>,\u2064 individuals can navigate through these \u200cchanges and make the \u2064best\u2062 decisions for their car buying journey.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wholesale used car prices in the US dropped in July, but less than in June. Two key auto industry indicators revealed the decline. Used vehicle prices fell, while high interest rates and inflation increased car payments, maintenance, and auto insurance expenses. Cox, a leading indicator, confirmed the downward trend.<\/p>\n","protected":false},"author":327,"featured_media":1996200,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[543],"tags":[],"class_list":["post-1996199","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1996199","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/327"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1996199"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1996199\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1996200"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1996199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1996199"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1996199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}