Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Businessweek Archives

A Glut Of Trade Ins Could Hurt New Car Sales


Economic Trends

A GLUT OF TRADE-INS COULD HURT NEW-CAR SALES

Is the used-car market signaling a coming slowdown in new-car sales? Economist Aubrey Zaffuto of AZ Advisory notes that used-car prices rose just 0.1% in December, after exploding at around an 11% annual rate in the prior nine months. While rising trade-in values fuel new-car sales, such sales increase the available supply of used cars and eventually cause trade-in values to weaken. If that is now starting to happen, says Zaffuto, new-car demand will soften.GENE KORETZ


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus