used cars
2 statements across 2 episodes · 0 bullish · 0 bearish · 2 people on the record · first statement Jul 14, 2023 by David Friedberg · across every show →
Everything said about used cars, oldest first
Jul 14, 2023 neutral
Friedberg: 80% of new and 40% of used car purchases are financed
“So, 80% of new car purchases are financed, meaning you take out a loan to buy the car. 40% of used cars are financed, and interest rates on car loans, as you guys can see in this chart, in just the last year or so, interest rates have spiked from under four pe…”
Sep 18, 2023
Summers: Underlying US inflation peaked around 5%, not 8% or 9%
“Inflation was never on an underlying basis anything like eight or nine. It was like five artificially pushed up by used cars and airline fares and a bunch of stuff like that gasoline. And the thing about stuff that mean reverts is that it mean reverts. And so …”