Manheim Index

According to consumer price index data provided by the U.S. Bureau of Labor Statistics (BLS) on Thursday, the used car and truck index showed a 1.1% decline, coming in at 7.2% following a 0.1% decline in August. This is the largest drop in the used car and truck index since March of this year. The...

Citi’s Itay Michaeli mentioned that the final May data points “confirm a strong month all-around for pickup trucks—including May used pickup pricing.” Michaeli maintains a Buy rating on General Motors Company (NYSE: GM), with a price target of $50. May Data Points Similar to...