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The used car market has shifted back into high gear. Here's why

I've been writing about anecdotal reports that US home and auto sales suddenly picked up in the past few weeks. They're the most interest-rate-sensitive part of the economy so they've been hit hard by Fed moves. However with rates ebbing early in the new year, a torrent of pent-up demand emerged.

I think it's telling.

It shows that consumer still have money to spend and still want those houses and cars. Vehicle production was curtailed by the pandemic and still hasn't caught up. C... Read More

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Content Topics

Used

Market

Shifted

Back

Into

High

Gear

Here

Here s

Forex

Posted: Feb 11 2023, 16:45

Author Name: forexlive

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