Free Republic 1st Qtr 2026 Fundraising Target: $81,000 Receipts & Pledges to-date: $9,833
12%  
Woo hoo!! And now less than $4k to reach 13,500 by the end of Jan 15th!! Thank you all very much!! God bless.

Keyword: carmarket

Brevity: Headers | « Text »
  • Used-Car Prices Collapse The Most Since the Lehman Meltdown: Buyers should expect deals to materialize in 2023.

    11/07/2022 10:23:10 PM PST · by SeekAndFind · 55 replies
    Talk Markets ^ | 11/07/2022 | Tyler Durden
    With soaring borrowing costs, the Federal Reserve has slammed the brakes on the once-booming used car market. The latest data on wholesale used-vehicle prices show October's decline on a year-over-year basis was the worst since the financial crisis over a decade ago. The Manheim Used Vehicle Value Index for October declined to 200, or about 10.6%, the worst decline since December 2008 when the global economy was melting down (and the 5th largest decline ever)... The Fed's rapid pace of rate hikes this year is slowing demand, as Edmunds data showed the average annual percentage rate on used-car loans was...