Used car prices tank to 52-week low
Yahoo Finance Live’s Brian Sozzi breaks down the stat of the day.
Video Transcript
[AUDIO LOGO]
BRIAN SOZZI: All right, if you're curious on why Carvana has just laid off another 1,500 people and has become a true battleground stock, maybe this chart from the folks at Compound Capital will help. Used car prices have tanked to a 52-week low as higher interest rates have pushed potential car buyers to the sidelines.