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Nov 8, 2023 · Soon enough, lower used car prices will likely spill over to retail markets. On the other hand, those thinking of buying could save thousands of dollars by waiting a month or two. New car inventory remains very low, but there are signs that it’s improving.
- Recession Definition
- What Happens During A Recession: 5 Indicators
- How A Recession May Affect You
Economists have varying opinions about how to define a recession. The National Bureau of Economic Research (NBER) defines a recession as a significant decline that lasts for more than a few months and affects the broader economy, not just a particular sector. In other words, almost every industry will experience its impact. Recessions are also defi...
There is no one definitive sign that a recession is occurring, but NBER’s Business Cycle Dating Committeelooks at the following indicators when deciding to declare a recession:
Whether an economic downtown has officially been declared a recession or not, the impacts of an impending recession can affect your daily life. Some common ways people are impacted include: 1. Cost of living increases.When inflation contributes to a recession, you may find that household essentials like groceries, gasoline and clothes are more expe...
Feb 28, 2024 · DETROIT (AP) — Price increases for cars and trucks in the United States, which helped fuel inflation for nearly three years, are slowing and in some cases falling, helping cool overall inflation...
Jan 3, 2024 · Delve into the historical patterns of used car prices during economic downturns. Learn how demand, supply, and external factors influence the market, shaping the pricing landscape for pre-owned vehicles.
Apr 11, 2022 · Why it matters: An unprecedented surge in used vehicle prices was an early and essential driver of post-pandemic inflation. What's happening: The Manheim Used Vehicle Value Index, a gauge of wholesale market prices for used vehicles, dropped for its second straight month.
Nov 1, 2022 · New car prices remain high, and the bulk of new-car buyers are still paying well over the sticker price. A recession might spur some relief, but given the low supply of new vehicles, it’s not ...
Oct 15, 2022 · Used car prices have soared over 50% since the pandemic began in early 2020, driving up inflation along the way. But lately, with interest rates rising, recession fears mounting, and the...
