Used Car Prices Up in June

Today’s CPI report showed that “used cars and trucks” rose nearly 1.4% last month. That’s not seasonally adjusted. This might be evidence that used cars are doing well which may say something about Nicholas Financial (NICK). It’s a small bit of news, but worth passing on.
By the way, NICK just posted their latest annual report. The stock is still going for less than two-thirds of its book value.

Posted by on July 15th, 2009 at 1:51 pm


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