They have to set residual values for three-year leases. And it’s risk off. Used vehicle wholesale prices at auction fell by 1.6% in July from June, seasonally…
Here are Larry's picks among the past week's important, relevant, semi-secret, or snappy automotive news, opinions and insider back stories presented as expertly crafted easy-to-understand automotive universe news nuggets
Used Car Prices Fall 4 2% in June, Key Inflation Measure bloomberg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloomberg.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Used-car prices in the US fell 4.2% in June from May, the largest drop since the pandemic began, and were down 10.3% from the previous year, as a key measure of inflation eases.Most Read from BloombergPowell Haunted by Repo Crisis as Fed Aims to Cut Balance SheetMove Over Dubai. This Tiny Emirate Wants to Be the Next Haven for BillionairesJack Ma’s Clash With Beijing Costs Ant, Alibaba $850 BillionChina Slides to Brink of Deflation, Adding Stimulus UrgencyThe Super Rich Are Snappi