VP, Industry Insights
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).
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.