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Transcripts For FBC The Willis Report 20140922

Consumers but those in the market for a new car, get ready to pay more. Here to explain the Senior Market analyst for kelley blue book. Welcome back to the show. What is behind the price drop for used cars . Well, right now what were seeing in the used car market that values passed their seasonal peak which usually comes in march or april of every year. Were settling into that 1 month over month depreciation pattern true every year. The other thing were seeing there is a lot more supply today than last year. Next year we expect to see the same trend. With increased supply youre starting to see prices take a little bit of a hit. Gerri here is how theyre taking a hit. Average price 10,883. Down 1. 6 yearoveryear. Alex, how does this ripple through to the new car market . Well it is, it impacts in a way most consumers probably wouldnt think of right away. When you look at what is driving new car market, a lot is leasing. 25 of all new ....

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