Cox Automotive (October 13)
“In September, the average transaction price (ATP) of a new vehicle in the U.S. was above $50,000 for the first time, according to new estimates released today by Kelley Blue Book. New-vehicle prices have risen steadily for more than a year, with the pace of the increases accelerating in recent months. Despite higher prices, retail sales continue to maintain a healthy pace.”
Tags: Accelerating, ATP, Estimates, Increases, Kelley Blue Book, Pace, Retail sales, Risen steadily, September, Transaction price, U.S., Vehicle
Wall Street Journal (August 2)
“Bearish investors aren’t buying into hopes that July’s rapid advance for stocks heralds the start of a new bull market. If anything, they say the worst might be yet to come as inflation remains high, the Federal Reserve plans more interest-rate increases and stocks trade at valuations that still don’t look cheap.”
Tags: Bearish, Bull market, Fed, Hopes, Increases, Inflation, Interest rate, Investors, July Stocks, Valuations
