Eric Lyman
Director of Residual Value Solutions
ALG
ALG’s economic forecast says that US 2013 GDP growth is at 1.9%, with slow improvement into 2014. However, consumer confidence fell to the lowest point in over a year during January. The US economy has been stronger than other parts of the world, and is expected to improve by 2014 and return to more historical norms.
Click here to read the ALG March/April 2013 Industry Report
Gas Price Forecast is Nearly Unchanged, with No Significant Impact on Residuals:
Given historical norms, expect residual movements for this edition to be up 0.3%.
Relative to January/February 2013 edition, Housing Price Forecast is Up Slightly:
Wage forecast is up slightly from January/February, giving minor boost to 36-month residuals.
Overall Macro Impact for March/April Compared to January/February is 0.2%:
Used market supply is updated for March/April edition with small impacts to some segments