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A Used‑Car Frenzy Is Supercharging Carvana, AutoNation Stocks
Benzinga· 2025-07-09 16:07
Used car prices are revving back into high gear – and dealership stocks are catching a tailwind. According to Cox Automotive, the Manheim Index, which tracks wholesale used vehicle prices, jumped 1.6% in June, marking a 6.3% year-over-year surge – the steepest increase since August 2022. The reason? A one-two punch of Trump-era auto tariffs and tightening new car supply is throwing the market into overdrive.Read Also: After a 9,644% Rally, This Used Car Stock Still Has Room to Run — ‘Just 1% of the Market S ...