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via pymnts.comEconomy

Used Car Prices Poised to Dip Amid High Gas Prices

FROM THE WIRE · PYMNTS.COM

A new forecast from automotive industry data company Cox Automotive show used car prices dipping more than previously expected.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishCox Automotive forecast on used car prices is relevant for auto sector but not an immediate market-moving development.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Cox Automotive forecasts used car price declines steeper than previously expected.
  2. 02Forecast is driven by elevated gas prices.
  3. 03Data is relevant for automotive sector and consumer spending.

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