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GM Stock Catches a Downgrade. Deflation Is Why.

Por: MarketWatch Business November 10, 2022

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Used vehicle prices in the U.S. peaked in January and are down about 15% since then. New car prices are falling as well. The average price for a new car in October , slightly down from the $48,301 record set in August, according to automotive data provider Kelley Blue Book. Those high prices have been a boon to auto makers’ profits. GM earned about in operating profit in the third quarter of 2022 compared with $2.9 billion in the same quarter... + full article



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