Monday, May 9, 2011

Used Car Prices at Record Levels

Dow Jones is reporting that late model used cars have climbed in price by between $1,500 and $3,000 per car, over the last six months, most of this is because of Bernanke money printing.

Given that there is also going to be drop in production of new cars, because of parts problems in Japan following the earthquake and tsunami, used cars prices should stay very strong.

Of note, the price to lease a car is at record lows because cars are maintaining their value and because of Bernanke inspired record low interest rates.

1 comment:

  1. Where are all the "Clunkers" when you need them? Another unintended consequence of market intervention.