Are Used Car Prices Set To Soar Again? [zero hedge]
JP Morgan Chase & Co. (JPM)
Last jp morgan chase & co. earnings: 4/14 06:43 am
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Source: zero hedge
Are Used Car Prices Set To Soar Again? Via Real InvestmentAdvice.com, It wasn’t that long ago that used car prices were soaring as the production of new cars was crimped due to Covid-related supply line shortages. Since then, used car prices have stabilized as the supply lines have healed. However, like many goods, prices haven’t retreated to pre-pandemic levels. As we wrote in yesterday’s Commentary, the new 25% tariff on cars assembled outside the US could raise new car prices . JP Morgan thinks the impact could be 10% or more if the tariffs are fully passed on to consumers. Thus, those consumers unable or unwilling to pay a higher price may resort to purchasing a used car. Economists call this the substitution effect. The market seems to think
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JPM
News
- Lorne Steinberg's Top Picks for April 7, 2025 [BNN Bloomberg (Canada)]BNN Bloomberg
- US, China are 'playing a game of chicken' over tariffs, ex-JP Morgan Chase economist says [FOX Business Network]FOX Business Network
- Trump 90-Day Tariff Pause Rumor Causes Stock Whipsaw Before White House Calls It ‘Fake News’—Here’s What Happened [Forbes]Forbes
- Trump Vows Huge New China Tariffs As Markets Nosedive [Barron's]Barrons
- The Latest: Stocks plummet as global markets feel the impact of Trump’s tariffs [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
JPM
Earnings
- 1/16/25 - Beat
JPM
Sec Filings
- 4/7/25 - Form 424B2
- 4/7/25 - Form 424B2
- 4/7/25 - Form 424B2
- JPM's page on the SEC website