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After a 34% drop in April, used car prices could plummet further if Hertz Global files for bankruptcy and floods the market with used cars.

If you go down the rabbit hole of links off the article you cite, you'll find that the "34% drop" was in *units* at *wholesale* used car *auctions* in April hosted by Manheim. )

What is IMHO more interesting is that Manheim reported a *11% drop in prices for wholesale used car auctions* but *used car retail prices* declined just by *1%*.

This disconnect between retail and wholesale Used Car price declines is unusual.

"Generally speaking, there's a correlation between the movement of wholesale and retail pricing," said Pollak, Cox executive vice president and co-founder of vAuto inventory- and market-tracking software. "But we're at a strange moment in time where we're not seeing that correlation."
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