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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
US DATA
- Manheim used car prices fell -1.6% M/M in July on a mix, mileage and seasonally adjusted basis (or a non-seasonally adjusted -3.8%), building from the mid-month figure of -1.0%.
- It follows a particularly heavy -4.2% from June and two months averaging -2.9% M/M, which in trend terms at least suggests renewed downward pressure on CPI used vehicles prices even if it can be hard to pinpoint M/M changes.
- CPI used cars & trucks were broadly as expected back in June, falling -0.45% M/M after two particularly strong 4.4% increases in April and May, with those increases in turn following prior strength in auction prices.
- Analysts were already expecting sizeable declines for used cars prices at the Thursday’s upcoming CPI release, with GS eyeing -3%, JPM -1.7% and MS -1.4%.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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