Used Car Prices Hit New Record High, Signals CPI's 'Non-Transitory' Surge Is Not Over Yet
Putting "team transitory" (comprising mainly of pro-Fed, pro-Biden commentators) to shame is another significant jump in wholesale used car prices, continuing to make new record highs. The latest data from Manheim shows how the Bureau of Labor Statistics' September print for used cars and trucks index is about to soar.
The Manheim U.S. Used Vehicle Value Index increased 8.3% in the first 15...
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