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Home » As used-car values stabilize, so too should inflation, economists say

As used-car values stabilize, so too should inflation, economists say

The annual inflation rate stood at 5% for the 12 months ended May 2021

Amanda HarrisbyAmanda Harris
July 2, 2021
in Risk Management
Reading Time: 3 mins read
0
Ford Credit, DriveTime prepare for downturn despite healthy consumer credit

© Can Stock Photo / hin255

Used-car values have for the past three months been a primary driver of the jump in the Consumer Price Index (CPI) inflation rate, but falling vehicle prices should contribute to a period of deflation for the rest of the year. “One reason we have inflation is because auto does,” Ryan Sweet, senior director of economic […]

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