Thursday, March 12, 2009
Here's another quick chart before we leave for the slopes. This shows that the prices of used cars rebounded significantly in January and February. That's another sign that we've seen the worst of the economic news (see previous post for more details on what this bounce means). It also suggests that economic weakness is not leading to a general decline in the price level. There is still plenty of money out there to support prices.
Posted by Scott Grannis at 7:52 AM