SPEAR Weekly Insights: hydrogen outlook, semiconductors, and weakening economy
<p>Last week we highlighted weak consumer sentiment translating into lower demand for big ticket items (i.e.. PCs, appliances). This week we noted several markets where prices have started to decline.</p>
<p>Wholesale used-vehicle prices (adjusted for mix, mileage, and seasonality) declined 3.3% in March from February, according to the Manheim Used Vehicle Value Index. The index declined to 223.5, which while still up 24.8% yoy, could be a sign that supply/demand for used vehicles is starting to normalize.</p>
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