Several months have passed since the Cash for Clunkers program caused a temporary surge in sales, which was then followed by a slump. The dust has settled, and what we now see is that car sales have jumped 20% since hitting a low last February. We see the same pattern in the Manheim index of used car prices, which has risen 20% since last December's low. These sure look like genuine, V-shaped recoveries to me.
Well, the car sales still look like they are at the level of 1991 or even 1982. V or not-V it does not matter. Sales are super-weak
ReplyDeleteBy the time car sales get back to what would be considered healthy levels, the economy will have been growing for at least several years.
ReplyDeleteThis is a classic case of where you have to look at things on the margin, not relative to long term averages. Sales are up significantly in percentage terms from their lows earlier this year. That is a very important change on the margin.
car sales another v sign was an interesting and engulfing post and i am very much moved by it, in this receding period i would like to sell my car and may opt for car pooling or other resources to save energy and if you want to buy an used car put these things in the back of your mind: -- you should know on how to buy a used car that it is a good idea if you ask how many miles that the vehicle has traveled. Because the distance ever traveled by a car, affect the ability and the performance of the car engine. Many factors can affect the price of the car and the mileage is one of the important factors.
ReplyDeleteAsk the seller, the reason why he sold his car. The answer to this question may not affect your decision, but it is a good idea to have the answer. You may need this information for your future records.