Roundtable host Joe Miller dove into detailed economic outlooks with panelists (L to R): Jonathan Smoke, chief economist at Cox Automotive; Tom Kontos, chief economist at ADESA; and Dr. Alex Yurchenko, chief data science officer at Black Book, at the International Automotive Remarketers Alliance’s annual Summer Roundtable in Nashville, Tennessee, on Aug. 17, 2022.
Photo: IARA
The U.S. economy does not appear to be in a typical recession, if at all, with plenty of consumer money, vehicle demand, and available jobs on the sidelines.
That could redound to the used vehicle markets, wholesale and retail, which appear to be drifting to a more normal balance but still must trek a long way to get there, according to the sum total of comments and figures presented by remarketing economic analysts at the…
