Gasoline Prices So Far Haven’t Thrown Off Residual Values

Lyman_Eric_ALG_100w

Eric Lyman
VP, Indus­try Insights
ALG

Eco­nom­ic indi­ca­tors have been strong recent­ly. Employ­ment growth has been strong dur­ing 2014, aver­ag­ing 227,000 jobs cre­at­ed per month; the unem­ploy­ment rate fell in Sep­tem­ber to 5.9%. GDP is expect­ed to rise by approx­i­mate­ly 2.2% in 2014 and 3.1% in 2015. Oil and gaso­line prices have plum­met­ed in recent weeks on low­er expec­ta­tions for glob­al growth; this is expect­ed to be pos­i­tive for US con­sumer con­fi­dence. Over­all macro impact for November/December com­pared to September/ Octo­ber is +0.1 per­cent­age points (ppts).

Here’s ALG’s Indus­try Report for November/December 2014

No Vehi­cles Had Sig­nif­i­cant Resid­ual Changes Due to Gaso­line Prices:
Over­all macro impact for November/December com­pared to September/ Octo­ber is +0.1 ppts.

At the Indus­try Lev­el, ALG’s Sup­ply Fore­cast Rose for this Edi­tion:
Caus­ing a -0.05-ppt reduc­tion impact on resid­ual val­ues.

Seg­ment-lev­el Sup­ply Changes Have Var­ied in the Mar­ket­place:
Rang­ing from -0.3 ppts for Com­pact Util­i­ty to +0.3 ppts for Mid­size Pick­ups.

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