Cox shows September activity rebalanced the market.
Pandemic pressures have forced used-car buyers to get older and older vehicles.
August figures show month-over-month decline, but SAAR up YOY.
Sales steady despite still-elevated prices.
Improved inventory buoys the former while the new-vehicle market shows balance.
First half of year ends with signs of normalizing, thanks to improved inventories.
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.
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