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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: jimmg who wrote (76471)12/22/2006 6:32:03 PM
From: Les H  Read Replies (1) of 110194
 
"Results by Nike and Carmax this week tell me that the vast middle class still has the ability and propensity to not only sustain but to grow their spending."

The Carmax report shows that the middle class is substituting lower-priced used cars for buying new cars. The average selling price on the used cars is just 71 percent that of the new cars but yield a profit margin on each unit that's 80 percent higher. The demand for used cars has caused their average selling price to jump by 6 percent in the last year.

biz.yahoo.com
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