Used Car Prices Decline

Market Overview
Read time 0.7 minutes

Year To Date Performances:

1. In a notable trend, used car prices have experienced a decline for the third consecutive month. The drop of 4.2% in June marks the most significant decrease since April 2020, during the pandemic's peak. Using a model that monitors used car auction prices, Goldman Sachs anticipates an additional 9% decline in the coming summer and fall seasons. This decline in used car prices is a welcome development ahead of the upcoming Consumer Price Index (CPI) release, mainly because the used car component has been moving in the opposite direction, showing an upward trend. This contrasting movement may have an impact on the overall inflation measurement.

2. The path toward clean energy heavily relies on the availability of critical minerals. Encouragingly, the International Energy Agency (IEA) suggests that there may be sufficient quantities of these minerals to meet the growing demand by 2030. Furthermore, investment in critical mineral mining saw a significant increase of 30% in the previous year. This rise in investment, combined with upcoming projects in development, indicates that progress is being made in the energy transition toward cleaner sources.

3. Achieving SOC 2 compliance proves to customers that you prioritize protecting their data. This proof of observation can help you raise capital, scale your business, and rise above the competition. 

   Vanta’s SOC 2 checklist breaks down the process and gives you a digestible view of the road ahead. Download it here to get started.*

4. Headlines

   1. According to Bain, global M&A dealmaking is projected to experience a significant decline of 39% year-on-year, reaching approximately $2.7 trillion by the end of 2023.

   2. Standard Chartered has revised its Bitcoin forecast, predicting that the cryptocurrency's price could reach $120,000 by 2024.

   _{* This is sponsored content}

If you want to improve your knowledge of AI, Math, Data Science, Computer Science, etc, to help you grow your business. Brilliant is offering a free 30-day trial + 20% off an annual premium membership for my subscribers. Click here to try it for free.