Used Car NewsUsed Car News

  • ABG +0.94 - +1.72%
  • AN +0.63 - +1.28%
  • CACC +1.94 - +1.04%
  • CAR +0.22 - +0.78%
  • CARZ +0.00 - +0.00%
  • CPRT +0.42 - +0.87%
  • CPSS +0.10 - +2.52%
  • CRMT +1.155 - +4.994%
  • DAI
  • F +0.03 - +0.22%
  • FIATY
  • GM +0.18 - +0.58%
  • HMC -0.24 - -0.86%
  • HTZ -0.04 - -0.43%
  • KAR +0.26 - +0.63%
  • KMX +0.30 - +0.56%
  • LAD +0.8201 - +1.0079%
  • MZDAF +0.00 - +0.00%
  • NSANY -0.15 - -0.74%
  • PAG +0.32 - +0.83%
  • SAH +0.15 - +0.86%
  • TM -0.48 - -0.47%
  • TRAK +0.00 - +0.00%
  • TSLA -0.283 - -0.126%
  • TTM +0.36 - +1.21%
  • VLKAY -0.32 - -1.01%
  • VROM

Featured News

State Fines, Bans Buy-Here, Pay-Here Dealer

The Pennsylvania Department of Banking and Securities has issued an order against Dean M. La...

Read more

Exeter Debuts New Logo, Other Updates
Exeter Finance Corp. unveiled a new company logo to dealers and customers in tandem with the company...

Read more

Edmunds Sees Slight Dip in Sales
Used-cars sales declined slightly in May.
Edmunds.com estimates 3.2 million used cars will be...

Read more

America’s Car-Mart’s Profits Tumble
America’s Car-Mart Inc. reported that net earnings in the latest quarter fell to $3.4 million, compa...

Read more

State Fines, Bans Buy-Here, Pay-Here Dealer
Exeter Debuts New Logo, Other Updates
Edmunds Sees Slight Dip in Sales
America’s Car-Mart’s Profits Tumble

Used Car News | Home

Spending Index Slides

spendingdownThe Deloitte Consumer Spending Index slid again in December, following November's decrease after a year of steady gains. The Index tracks consumer cash flow as an indicator of future consumer spending.

The Index, which comprises four components - tax burden, initial unemployment claims, real wages and real home prices - fell this month to 3.81 from a reading of 3.96 the previous month.

Highlights of the Index include:

  • Tax Burden: The tax burden was at 11.03 percent in the most recent month. A falling tax burden can be a sign of weaker growth in taxable incomes.
  • Initial Unemployment Claims: Jobless claims moved much higher this month to 405,750 from 367,250 the previous month, primarily due to the effects of Hurricane Sandy.
  • Real Wages: Real wages continue to fall from a year ago and are down 0.3 percent, although the pace of decline has moderated as gasoline prices fell sharply in November.
  • Real Home Prices: The housing market continues to improve, pushing housing prices up nearly 13 percent higher compared to a year ago.