Anyone checked the price of a used pickup truck lately?
"Used cars and truck prices continued their climb higher, rising 7.3% on the month and 29.7% for the past 12 months. The new vehicles index increased 1.6%, its biggest-single month gain since October 2009 and was up 3.3% for the 12-month period, the highest move since November 2011.
However, the energy index was about flat for the month despite the huge run-up in gasoline prices this year, while the food index repeated its April rise of 0.4%.
The gasoline index is up 56.2% over the past year, part of an overall 28.5% increase in energy during the period. Food prices have remained comparatively tame, up 2.2% for the 12-month period."
Source: CNBC