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Bubblicious used car prices rising faster than bitcoin, Jim Bianco warns

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Your car may be more valuable than what’s in your portfolio.

Used auto prices are rising faster than bitcoin and other assets, according to market researcher Jim Bianco.

“If you want to know what the best investment you probably had in 2021, it’s that car sitting in your driveway or in that garage,” the Bianco Research President told CNBC’s “Trading Nation” on Thursday. “It is appreciating faster than the stock market and lately faster than some cryptocurrencies.”

He’s building his analysis based on the Manheim index of used car prices, which is designed to track pricing trends in the market.

“In the last four months, they’ve gone up in price more than…



Source cnbc.com

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