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Car Prices Are Falling

Crews Bank & Trust Wealth Management Services 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

Crews Bank & Trust Wealth Management Services
Crews Bank & Trust Wealth Management Services

Experienced professionals from our wealth management services team can help you achieve a bright financial future through investment strategies tailored to you. We’ll show you all of the options available and help you choose the ones best suited to you. We’ll provide high-quality, personal service as we work toward your goals together. Our Portfolio Managers do not receive commissions on trades; our recommendations of investments are based solely on your best interests.

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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