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April 2024: Wholesale Used-Vehicle Prices Dip Amidst Retail Sales Fluctuations
In April, wholesale used-vehicle prices saw a decline compared to March, marked by a 14.0% drop in the Manheim Used Vehicle Value Index (MUVVI) from the previous year. This decrease, magnified by seasonal adjustments, reflected…
IMF Urges Vigilance over Booming Private Credit Market amidst Rapid Expansion
The private credit market is undergoing rapid growth, prompting closer scrutiny from the International Monetary Fund (IMF), according to a report by Pensions & Investments. Private credit, which includes loans to non-public companies, has expanded…
Auto Industry’s Share of Global Microchip Demand Continues to Grow
The auto industry was responsible for 17% of global microchip purchases in 2023, up 3% year-over-year, according to World Semiconductor Trade Statistics (WSTS). This puts it ahead of consumer electronics and industrial sectors, behind only…
Strong Seller’s Market in Real Estate Continues to Drive Low Sales of Home Warranties
The strong seller’s market in real estate continues to drive low sales of home warranties included as part of a real estate transaction, creating a significant opportunity for direct-to-consumer (DTC) home warranty companies. In a…
Tax Refunds Cause Boost in Used Vehicle Sales
Retail used-vehicle sales rose about 14% month-over-month in February and about 11% year-over-year for the strongest volume in nearly a year, highlighting a notable uptick in consumer demand. With tax season in full swing, customers…