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Consumer Price Index: Difference between revisions
→6. Car Prices
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=== 6. Car Prices === | === 6. Car Prices === | ||
Manheim Used Vehicle Value Index rose to | The Manheim Used Vehicle Value Index (MUVVI) rose to 219.3, down 14.9% from a year ago.<ref>https://publish.manheim.com/en/services/consulting/used-vehicle-value-index.html</ref> But prices remain historically elevated. | ||
* JPM research expects prices to decline by 2.5% to 5% for new cars and by 10% to 20% for used cars in 2023.<ref>https://www.jpmorgan.com/insights/research/when-will-car-prices-drop#:~:text=Average%20prices%20were%20up%2042.5,to%2020%25%20for%20used%20cars.</ref> | * JPM research expects prices to decline by 2.5% to 5% for new cars and by 10% to 20% for used cars in 2023.<ref>https://www.jpmorgan.com/insights/research/when-will-car-prices-drop#:~:text=Average%20prices%20were%20up%2042.5,to%2020%25%20for%20used%20cars.</ref> | ||