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Used car prices dropped again in April, but at a slower pace than March.
![Used car lot](https://freeamericanetwork.com/wp-content/uploads/2022/05/the-used-car-price-drop-continues-but-slows-2.jpg)
Used car sales were down in April. (Justin Sullivan/Getty Images)
A shortage of new cars and overall inflation has driven prices to record highs in recent months, but automakers are starting to see improvements in parts, supplies and production.
![](https://freeamericanetwork.com/wp-content/uploads/2022/05/the-used-car-price-drop-continues-but-slows-3.jpg)
Short supplies of new cars have pushed used car prices up. (AP Photo/Sue Ogrocki)
According to the latest Manheim Used Vehicle Value report, wholesale prices paid by dealers fell an average of 1% from March to April, adjusted for several factors, compared to 3.3% from February to March. It marks the fourth straight month of declines.
![Used car lot](https://freeamericanetwork.com/wp-content/uploads/2022/05/the-used-car-price-drop-continues-but-slows-4.jpg)
Used car prices are declining. (Justin Sullivan/Getty Images)
Retail used car sales were softer than expected during the month, down 13% month over month, which Manheim notes coincides with a delay in some tax return payments.
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The wholesale prices tracked by Manheim typically lead retail prices by several weeks.
In March, iseecars.com reported an average used car transaction price of $34,429 based on 1.8 million sales, which was up 30.4% from the prior year.