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Reader Generated Economic Indicators – How *You* Know We’re Hosed

The Used Car Index: When car dealers start trying to make up their losses in volume, be afraid. Be very afraid.

A reader in North County San Diego writes:

“The car business is in the dumper – a local dealer offered me a 2009 used Nissan Murano ($45,000 sticker) for $20,000 yesterday and offered to buy it back in three months for $17,000. Gas hog, otherwise I would have considered it.”