Fed’s QT Ghosts Are Haunting Powell
Bloomberg Businessweek
00:00
Riley's Long-Term Correlation to Used Car Prices
Riley: O'Reilly has a very passing kind of correlation to used car prices, but it's very directly related to that. Riley: The longer the age of the vehicle on the road, the more likely it is to need parts. And as cars are now so expensive and getting qualified to take a loan to buy a new one is harder and harder, you're going to work on fixing up the car you have. But at the same time, just turnover in the car market makes that tailwind more sticky.
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