bullish

UK: Used Car Prices in a Hairpin Bend

131 Views26 Aug 2021 01:00
New cars now look relatively cheap, especially given the way they are financed. A return of this supply restores substitutability, lowering used prices in 2022 rather than raising manufacturer margin.
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Phil Rush
Chief Economist
Heteronomics
United KingdomMulti-AssetMacroeconomicsCross Asset Strategy
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