Here’s one sector of the economy experiencing deflation rather than inflation. That’s what happens when bubbles bust. From Tyler Durden at zerohedge.com:
A bear market in the used car market was confirmed in November and has since worsened through April. At the same time, negative equity values are hitting new record highs while auto insurance rates have soared the most since the mid-1970s. While gas prices at the pump are elevated, the environment to operate a vehicle is probably one of the worst ever. Just listen to Gen-Z and millennial users on X bitch and moan about $1,000 monthly car payments and other absurd costs associated with driving.
The Manheim Used Vehicle Value Index fell to 198.4 in April, a 14% drop from one year ago. This is the index’s lowest print since the first quarter of 2021. As for the bear market, the index is down 23% from the high and quickly falling – there could be air pockets given the rapid upward moves three years ago – and that demand has been suppressed given a high-interest rate environment.
All vehicle segments of the Manheim Used Vehicle Value Index experienced seasonally adjusted prices that were down double digits year over year in April. Luxury was the only segment that was not hit the hardest, down just 12.9%. The worst-performing segment was compact cars, down 17.6% compared with last year, followed by midsize cars, down 16.8%, and pickups, down 15.2%. EVs were down 17.5%.
STRAIGHT LINE LOGIC 
Runs great, no engine should be in the CL ad for the conomy under Brandon AKA the Misery Index.
Guess what Brandon’s pappy was?
A car salesman!
If the conomy is so great…then why is there a line of people at the dumpster behind the Sack-N-Save with chairs and carts to climb in there?
The hot blonde had set up shop there with blanket and pillow, that pisses off the union worker (CPUSA) comrades and they ran her away during the 457th smoke break of the hour.
This just in from Rodney King:
Can’t we all just get along?
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