CPI: Used Cars & Trucks in 2015
CPI: Used Cars & Trucks opened 2015 at 144.88 and closed at 143.96, a -0.64% move for the year. The high of 149.48 was reached on June 1, and the low of 143.96 on December 1.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 144.88 | 144.88 | 144.88 | 144.88 | +0.00% |
| Feb | 147.26 | 147.26 | 147.26 | 147.26 | +0.00% |
| Mar | 147.69 | 147.69 | 147.69 | 147.69 | +0.00% |
| Apr | 148.40 | 148.40 | 148.40 | 148.40 | +0.00% |
| May | 149.29 | 149.29 | 149.29 | 149.29 | +0.00% |
| Jun | 149.48 | 149.48 | 149.48 | 149.48 | +0.00% |
| Jul | 149.08 | 149.08 | 149.08 | 149.08 | +0.00% |
| Aug | 148.29 | 148.29 | 148.29 | 148.29 | +0.00% |
| Sep | 147.55 | 147.55 | 147.55 | 147.55 | +0.00% |
| Oct | 146.40 | 146.40 | 146.40 | 146.40 | +0.00% |
| Nov | 144.85 | 144.85 | 144.85 | 144.85 | +0.00% |
| Dec | 143.96 | 143.96 | 143.96 | 143.96 | +0.00% |
Events During 2015
The PBoC devalued the yuan by 1.9% in a single day on August 11, 2015, the first meaningful devaluation since 1994. Global risk assets convulsed.
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
The Swiss National Bank abandoned its 1.20 EUR/CHF floor on January 15, 2015. The franc immediately surged 30%, blowing up retail FX brokers and exposing the fragility of exchange rate commitments.
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