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PR & News Will Used vehicle values take a DIVE in 2022? *Video

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Jeff Kershner

Jeff Kershner

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Used car prices are a candidate for reversal in '22, says Barclay's Michael Gapen​


Michael Gapen, Barclays chief U.S. economist, joins 'Squawk on the Street' to discuss Wednesday's CPI data, how it'll affect the consumer and why investors are buying bonds right now.

Will used car values take a deep dive mid 2022 and if so, will it be a gradual or swift move?

Our used vehicle sales and lead volume took a bit of a dip over the last 3 weeks.



 

✨ AI Highlights

A Barclays economist predicts used car values could reverse in 2022, prompting discussion among dealers about whether the decline will be gradual or sudden. The original poster notes early warning signs of softening demand, with their own used vehicle sales and lead volume declining over the preceding three weeks. The thread examines whether the used car market's strong run is ending and what that means for dealer inventory and pricing strategies.

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