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ARTICLE · 05 OCTOBER 2021

Used Price Increases Return - Automotive Weekly

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Used car prices, one of the biggest drivers of U.S. inflation this year, rose again in early September on a monthly basis after idling over the summer.

CanadaTransport
Crowe MacKay LLP
Crowe MacKay LLP
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USED PRICE INCREASES RETURN

Used car prices, one of the biggest drivers of U.S. inflation this year, rose again in early September on a monthly basis after idling over the summer. The Manheim U.S. Used Vehicle Value Index, a measure of pricing trends, increased 3.6% in the first half of September compared with a month earlier. That puts it on track for the first month-over-month increase since May while extending the string of consecutive monthly of gains on a year-over-year basis that dates back to June 2020.

Source: Bloomberg

GM WORKS WITH HERTZ TO GET DEALERS MORE LOANERS AMID CHIP SHORTAGE

General Motors has signed an agreement with car rental giant Hertz Corp. to help funnel more loaner vehicles to dealerships amid the global microchip shortage. As an enhancement to GM's existing Dealer Courtesy Transportation Program, Hertz will provide loaner vehicles to dealers at the automaker's current rate, a GM spokesperson confirmed to Automotive News. Hertz's

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