Live Breaking News & Updates on Used Car Prices|Page 5
Stay updated with breaking news from Used car prices. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
J.P.Morgan on Thursday said supply chain disruptions from a potential United Auto Workers (UAW) union strike would cut new vehicle production, drive up used car prices and put pressure on margins in the personal auto insurance business. UAW is currently in talks with the Detroit Three automakers - Ford Motor, Chrysler parent company Stellantis and General Motors - ahead of the expiration on Sept. 14 of the current four-year labor agreements covering 146,000 workers. The automakers "represent about 40% of light vehicle auto sales (by units) in the U.S., and IHS Markit estimates that a strike would disrupt North American vehicle production by roughly 75%," J.P.Morgan said. ....
Where have all the affordable used cars gone? As used car prices continue to climb, many shoppers, especially those retired or planning to retire soon, may be shopping around to find reliable cars. ....
Cox Automotive s Manheim index reports a slight rise in used-vehicle prices for mid-August, signaling potential re-inflation concerns amidst tight supplies. ....