Prices trending upward as wholesale increases trickle down.
Pattern could reverse as other market movements influence shoppers.
February increase biggest gain for month since 2009; used retail sales fall.
Used-vehicle prices at wholesale, dealer-only auctions ended 2021 at 48.1% higher on average than December 2019 and 34.8% higher than December 2020, according to KAR Global.
As the semiconductor shortage slashes vehicle production, rental car companies are taking extreme measures to bolster their fleets. The businesses are buying used vehicles at auction.
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