US used vehicle prices rose in January | Forexlive

• Prices rose 2.5% m/m seasonally adjusted
• Prices rose 1.5% m/m non-seasonally adjusted
• Prices down 12.8% y/y
• Volumes up 5% year over year
• 44 days supply vs 56 at the end of December

This isn’t the kind of thing the Fed wants to see. It’s a small kink but shows that falling interest rates could quickly spur new spending. Keep an eye on next months’ number to judge whether it’s a blip or a resurgence.