The Manheim Used Vehicle Value Index just dropped below 200 for the first time since March '21. Used car prices are nearing pre-pandemic levels, signaling a potential easing of inflation and a shift toward more balanced economic growth. Beginning of the slowdown?
https://x.com/kurtsaltrichter/status/1788203146105311714
...with shrinking consumer spending power, they may well resort to buying cheaper used car now instead of buying new vehicles.
...dropping new vehicle sales is a sure bet over time, with unemployment creeping up.
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