Sales are declining again, after having risen for years. Wholesale prices slip year-over-year for first time in 33 months. But “cars” still dominate “trucks.”
August wholesale auction price index hits record after longest series of year-over-year price gains since 2001.
Six charts on the used-vehicle market, plus my “Chart of Carmageddon” for new vehicles.
Many Americans are priced out of the new-car market.
The price of going upscale: New cars are too damn expensive, and Americans aren’t buying them anymore.