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To: oldirtybastard who wrote (178040)7/8/2002 1:35:26 PM
From: reaper  Read Replies (1) | Respond to of 436258
 
my guess on ACF is two-fold. one, the June trust data is coming in a couple of days, and i don't think a lot of people want to be standing around in front of that. two, the used car index just came out i think and showed a pretty sizeable (over 1% sequential) decline in used car prices, which leaves prices above the lows in the Fall of 2001 but still nicely below this time last year.

don't know if you've been following our little F discussion, but this fall in used-car prices will take a chuck out of their hide, as well, IMO.

Cheers