Resolves YES if the value of the US CPI for used cars and trucks https://fred.stlouisfed.org/series/CUSR0000SETA02 for July 2023 is lower than for June 2023.
Background: https://www.kbb.com/car-news/wholesale-used-car-prices-still-dropping/
Car dealers paid about 1% less for used cars at auction in the first half of July than they did in June.
That’s news, mainly because wholesale prices were already down more than 10% in June from where they stood a year ago.
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@jack Should resolve YES according to https://fred.stlouisfed.org/series/CUSR0000SETA02
June 2023: 198.746
July 2023: 196.086
I spent some time looking at different material and realized that the public available information out there currently may not represent what the seasonal adjusted data from the BLS will show (they also do depreciation, quality adjustment and rely on other data).
Given that I will only slightly bet YES.
BLS relevant articles to provide context why this is (the seasonal factor for July 2023 is also higher than June 2023 if you look at the excel file):
https://www.bls.gov/cpi/factsheets/used-cars-and-trucks.htm
Data Sources:
https://www.bls.gov/opub/hom/cpi/data.htm
More on adjustments:
https://www.bls.gov/cpi/seasonal-adjustment/
https://www.bls.gov/cpi/seasonal-adjustment/intervention-analysis-seasonal-adjustment.htm
https://www.bls.gov/cpi/seasonal-adjustment/using-seasonally-adjusted-data.htm
https://www.bls.gov/cpi/seasonal-adjustment/questions-and-answers.htm
Some different articles from sources other than BLS:
https://www.carfax.com/blog/used-car-prices
https://www.coxautoinc.com/market-insights/mid-july-2023-muvvi/
https://www.coxautoinc.com/market-insights/used-vehicle-inventory-june-2023/
