Car Prices Are Falling

Posted by Samuel A. Kiburz on Nov 25, 2022 8:41:17 AM

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chart shows the up and down performance of cars from Dec. 2021 - Oct. 2022

Today’s Chart of the Day is from S&P Dow Jones Indices.

Year-to-date, the S&P Composite 1500® Automobiles is down 43%, and is the worst-performing among all industries. According to S&P, the industry is being weighed down by concerns that new car prices may follow the trajectory of used car prices which, after having peaked in January, have been falling steadily throughout the year.

This is good news if you are in the market for a new automobile.

Topics: Chart of the Day