Morgan Stanley: Used-Car Values Could Fall by 50%
A new report from Morgan Stanley identifies several key factors that could cut used-car values in half by 2022.
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A new report from Morgan Stanley identifies several key factors that could cut used-car values in half by 2022.
Given last February's sharp dip in pricing, the Manheim Index shows a year-over-year gain of 1.1%, putting it at 124.6 for the month of February. The firm also noted that the crazy tax refund season that was expected to negatively impact dealers never materialized.