According to @KobeissiLetter, wholesale used vehicle prices experienced a significant rise of 2.4% both month-over-month (MoM) and year-over-year (YoY) in January, reaching the highest levels since September 2023. This increase sharply contrasts with the long-term average monthly decline of 0.2%. Non-electric vehicles (Non-EVs) led the growth with a 2.2% YoY increase, followed by the luxury segment at 1.6%, indicating strong demand in these sectors.