
Used car prices are surging in the U.S., driven by the volatility around President Donald Trump's tariffs.
What Happened: The Manheim Index, a metric used to track used car prices in the U.S., has surged 1.6% in June from May and 6.3% year-on-year, the single largest increase since August 2022, data shared by Cox Automotive in a press release showcased on Tuesday.