Thursday, July 29, 2021

Business Story

 Watching German business news today (via N-24 network).....inflation now rated at 3.8-percent....highest point since 2008 (big economic crisis year for Germans in general).

For remaining months of 2021?  I'd expect it to be closer to 5-percent by end of the year.

Another story that popped up....used car prices are going up by a minimum of 10-percent in Germany....mostly over reduced production of new cars (chip problems still).  If you had a two-year old high-end VW or Audi....it's probably around 20-percent above what the used-car price ought to be.  No way to determine if this is a short-term or long-term deal.  But even if you sold your nice slightly used car....then what?  It might take VW or BMW six to twelve months to deliver anything new.  

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