Wish you could quantify the effect of higher gas prices on vehicle values? NADA has, and here’s the math: For every $1 increase in the cost of a gallon of gas, large pickups decline in value by an average of $2,200, while resale prices of compact cars rise by an estimated $980.
No wonder financiers’ losses are skyrocketing…
Did they specify what observations support their claims? Auto performance usually follow a clear seasonal pattern: weakening over the third and fourth quarters and improving in the first quarter. Just curious if their claim is based on false positive in recent months.
Larry