Another Recession Warning: New Auto Sales Slipping, Used Car Loans Rising

The chart of the Manheim Used Vehicle Value Index, which is adjusted for mix, mileage, and seasonality, shows the two price surges from end of March 2017 and March 2018 that were subsequently only partially unwound. And the 2019 selling season is beginning likewise:

 

 

https://wolfstreet.com/2019/06/08/used-car-wholesale-prices-surge-retail-volume-drops-new-cars-sink-deeper-into-carmageddon/

 

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