美国二手车销售下滑厉害。

Used-Car Price Tumble Spells Trouble for the U.S. Auto Market

A growing number of leased vehicles are landing in used market

Morgan Stanley, Cox cautious of new-car affordability risk

By?Keith Naughton

(Bloomberg) –?

Falling used-car prices last month were a major contributor to?subdued inflation?for the U.S. economy. Auto analysts warn this could be a lasting trend with major negative implications for new-vehicle demand.

The 1.6% monthly drop in used-car prices last month was the biggest decline in a year, a Labor Department report showed Thursday. The overall core consumer price index increased?just 0.1%?from the prior month, a smaller gain than expected.

The decline in used-car prices is explained in part by rising returns of vehicles that have reached the end of consumer leases, according to?Charlie Chesbrough, Cox Automotive’s senior economist. Analysts have?warned for years?that a glut of off-lease vehicles was coming and would pose a risk to carmakers by making used autos look l