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ALG Looks at Big Picture Economics and How it Should Affect Residuals

2013-04-09 02:29:29| AutomotiveDigest.com - Automotive Industry News

ALG released its US economic forecast and how it all may affect vehicle residual values. ALG predicts US GDP will grow 1.9% this year, with slow improvements into 2014. The US economy should be stronger than other parts of the world, and is expected to return to historical norms. Gasoline prices arent expected to have a significant impact on residuals, and during this time, you can expect residuals to be up by Housing prices are expected to go up slightly and the wage forecast is up from January/February, affecting 36-month residuals Residuals are expected to be up 0.2% in March/April over January/February, and as for used market supply during this period Click here to read the entire March-April 2013 Industry Report from ALGThe Article ALG Looks at Big Picture Economics and How it Should Affect Residuals appeared first on Automotive Digest.

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