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Car Prices Are Falling

Samuel A. Kiburz, Senior Vice President, Chief Investment Officer Nov 25, 2022
chart showing car prices going down

Contents

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.
Chart of the Day

About the Author

Samuel A. Kiburz, Senior Vice President, Chief Investment Officer
Samuel A. Kiburz, Senior Vice President, Chief Investment Officer

Samuel serves as Senior Vice President, Chief Investment Officer for the Crews family of banks. He manages the individual investment holdings of his clients, including individuals, families, foundations, and institutions throughout the State of Florida. Samuel has been involved in banking since 1996 and has more than 20 years experience working in wealth management.

Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.

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