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http://www.brotherjohnf.com/perfect-storm-hits-used-car-values-foundation-auto-industry-faltering/ – The Perfect Storm Hits Used-Car Values – The Foundation Of The Auto Industry Is Faltering. —
zerohedge.com / by Daniel Ruiz via Blinders Off blog / May 21, 2017 3:30 PM
The Perfect Storm
The following topics all have their part in fueling the storm to come:
1) Trade Cycles and How They Affect New Vehicle Sales Velocity
Used car values determine in large the velocity of new car sales. Most new car transactions involve a trade. The level of equity in the trade oftentimes determines whether a new vehicle transaction will be successful or not. Inclining used car values lead to faster trade cycles while declining used car values lead to slower trade cycles. Dismal new car sales volume during our last recession created a shortage of used cars. This created a large supply and demand imbalance that made used car values soar from 2009 till 2014 as seen on this chart.
This time period was extremely favorable for new car sales because consumers found themselves in an equitable position on their vehicles in a very short period of time. To illustrate this, consider this chart of a 60-month loan.
The post The Perfect Storm Hits Used-Car Values – The Foundation Of The Auto Industry Is Faltering appeared first on Silver For The People.
–(Published @ May 21, 2017 at 06:30PM by www.bitcoins.am™ Instant Real-time Bitcoin News Aggregation Source- From: ) #bitcoinnews
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