The U.S. Consumer Price Index (CPI) recorded an annual inflation rate of 3.2% in July, rising from 3% in June but lower than expected 3.3%.

Despite the overall figure, there were substantial variations among the basket’s key components, but the significant decline in the price of second-hand vehicles and trucks stands out the most.

Used car and truck prices fell for the second month in a row in July, dropping 1.3% after a 0.5% dip in the previous month. In annual terms, prices are down 5.6%, the most in the core inflation’s basket, which excludes energy and food.

Second-hand cars and trucks had become a symbol of the inflationary hysteria that occurred during the pandemic due to the bottlenecks in the global supply chain.

Now that the bubble appears to have burst, these five companies’ margins and profitability may experience downward pressure in the coming months.

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