Used-car boom about to go bust? - MacroBusiness
Used-car boom about to go bust? Via Moody’s: Used-Vehicle Price Growth Hits the Brakes but Doesn’t Come to a Complete Stop Australian used-vehicle prices reached yet another all-time high in November. According to the Datium Insights-Moody’s Analytics Price Index, wholesale used-vehicle prices are 33% above where they were at this point last year. Price growth has slowed considerably since the historic jump in values began in May. From May through August, prices rose anywhere from 6% to 11% on a monthly basis. In November prices rose at below 1% month over month, less than half the rate...