LAD - Used auto prices continue to pull back in latest CPI print

Used car and truck prices marked another monthly decline in the latest CPI report.

According to the data , used auto prices fell 1.9% from December 2022 into January 2023, marking the seventh straight sequential drop for the index. As compared to January 2022, used car and truck prices fell 11.6%.

The index for used autos, along with medical care and airline fares, was cited as a notable decliner in the report. The index for new vehicles, by contrast, rose 0.5% sequentially and 5.8% year over year.

Related tickers: Carvana ( CVNA ), CarMax ( NYSE: KMX ), Lithia Motors ( NYSE: LAD ), AutoNation ( NYSE: AN ), Asbury Automotive Group ( ABG ), Group 1 Automotive ( GPI ), Sonic Automotive ( SAH ), Penske Automotive Group ( PAG ), Vroom ( VRM ), Shift Technologies ( SFT ), and Cars.com ( CARS ).

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