Day: September 28, 2021

Wall Street monitors used car wholesale auction index to predict inflation

Wall Street investors are keeping an eye on used car prices, something they rarely monitored before. It’s not that they’re all suddenly in the market for a well-maintained Ford Edge; it’s because used car prices are currently one of the best indicators of whether the economy is headed towards inflation or not.

The New York Times details the close watching of the Manheim Used Vehicle Value Index, a monthly analysis of wholesale used car sales. It’s operated by Cox Automotive, a massive conglomerate that owns Kelley Blue Book, Autotrader and 80 or so wholesale dealer auctions around the country. Through the approximately 5 million cars they sell a year, they’ve been able to compile a lot of data about used car trends.

Moreover, because these wholesale auctions are dealer-only, they’re a good crystal ball for what consumers will be paying for cars a couple of months down

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Automotive Alexa to Star at Amazon Event

Connected car fanatics are eagerly awaiting Amazon’s annual fall hardware event on Tuesday (Sept. 28), in hopes that whatever cards the platform giant is holding close to its vest include meaningful enhancements to the in-dash experiences that Alexa enables for drivers.

Famously tight-lipped about the annual event, Amazon announced the date last week, instantly triggering mass conjecture in the media on a redesigned Amazon Echo, tweaks to the Amazon Echo Dot, the Amazon Luna gaming platform and more. 

Alexa made automotive headlines on Sept. 22 with news that General Motors (GM) and Amazon are introducing the OnStar Guardian skill for Amazon in-home smart devices, “giving users a voice-enabled connection to emergency-certified OnStar Advisors through Alexa-enabled technology at home.” But the real action for gearheads is happening on the road. 

In May, Amazon’s partnership with Ford Motors took a sharp turn into embedded voice country, issuing the first-ever software update to

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