Used-Car Price Index Extends Record Run

May was the fourth straight record month for the Manheim Used Vehicle Value Index, which hit the 200 mark for the first time ever, parent company Cox Automotive confirmed. The index reading for May was 203.0, which beat year-ago figures by 48.2%.

Used Vehicle Pricing Hits Bizarre Levels

An analysis by Cox Automotive reveals the average listing price for used vehicles reached $22,568 in April — the first time it’s ever crossed the $22,000 mark.