Morgan Stanley

COMMENTARY

Used-vehicle prices: Place your bets

12:01 am U.S. ET | July 29, 2013
Where are used-car prices heading? For a change, there's now some disagreement on that question.
For the past several years, experts who watched the used-vehicle market agreed that prices would stay high. Supplies were short because of the collapse of new-vehicle sales during the recession and the federal cash-for-clunkers program, while demand remained strong. It was a simple equation.
Used-vehicle prices have come off their peak but haven't tumbled....
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