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SVTPerformance's Chain of Restaurants
Road Side Pub
Current New Vehicle Market
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<blockquote data-quote="Weather Man" data-source="post: 16730396" data-attributes="member: 137766"><p>"The good news in this CPI report - really - is that new vehicle prices were unchanged, after eight straight monthly increases of more than 1% per month," Shepherdson added. "This is a significant development. Rising inventory, on the back of increasing chip supply, is both boosting sales and capping prices. We expect new vehicle prices to fall outright over the next few months."</p><p></p><p>"Used vehicle prices will fall too. They rose 1.5% in January, consistent with rising auction prices a couple months ago, but auction prices appear now to be falling and the CPI measure will follow. Used vehicle inflation is 40.5% y/y, compared to the zero pre-Covid trend, so they have a long way to fall."</p></blockquote><p></p>
[QUOTE="Weather Man, post: 16730396, member: 137766"] "The good news in this CPI report - really - is that new vehicle prices were unchanged, after eight straight monthly increases of more than 1% per month," Shepherdson added. "This is a significant development. Rising inventory, on the back of increasing chip supply, is both boosting sales and capping prices. We expect new vehicle prices to fall outright over the next few months." "Used vehicle prices will fall too. They rose 1.5% in January, consistent with rising auction prices a couple months ago, but auction prices appear now to be falling and the CPI measure will follow. Used vehicle inflation is 40.5% y/y, compared to the zero pre-Covid trend, so they have a long way to fall." [/QUOTE]
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SVTPerformance's Chain of Restaurants
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Current New Vehicle Market
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