With Obama's plan causing used cars to be destroyed, used car prices are going through the roof. WSJ reports:One widely followed measure of used-car prices, the 14-year-old Manheim Used Vehicle Value Index, will likely hit a record when data for September are released in early October, says Thomas Webb, chief economist for Manheim Consulting, a subsidiary of Cox Enterprises Inc...What has happened over the last couple quarters is with supply being down, we've seen wholesale prices continue to a
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With Obama's plan causing used cars to be destroyed, used car prices are going through the roof. WSJ reports:One widely followed measure of used-car prices, the 14-year-old Manheim Used Vehicle Value Index, will likely hit a record when data for September are released in early October, says Thomas Webb, chief economist for Manheim Consulting, a subsidiary of Cox Enterprises Inc...What has happened over the last couple quarters is with supply being down, we've seen wholesale prices continue to a
Link Hat TipCraig Jones turns fridges into hot rods that serve ice-cold brewskies: his Craigerators come in multiple varieties, but our favorite sports an iPod dock with built-in beer tap. (Like it!) Loading ...
Why? The answer is as simple as supply and demand. What presents itself as great news for sellers, comes as unwelcome news to consumers looking to buy. You don’t have to be an economist to know that during an economic downturn most of the car-buying demand will be shifted to the used-auto market. Granted, a majority of the pent up demand from July and August of this year was focused on the new-car market, but that was only because the Cash for Clunkers (C4C) program was up and running. Part
Surprise, surprise–your used car might be worth more than you thought it’d be in trade! But the bad news is just as unusual–that new used car you’re looking at…surprise, surprise…is likely to cost more than expected. Everything we’ve been expecting here for some months now–the bad economy driving up demand for inexpensive used cars coupled with [...]
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