Is Jackson County Ignoring Used Car Crash?!?

The bottom is falling out the used car market.

However, insiders contend. . . 

JACKSON COUNTY RISING PROPERTY TAXES ON USED CARS DON'T REFLECT CURRENT MARKET CONDITIONS!!!

Here's the word from an AWESOME TKC READER . . .

"Remember (Exec) Frank White and his tax assessment department INCREASED USED CAR TAXES BY RECORD LEVELS . . .  Well, they better get ready to lower them by record amount next year."

Check the data . . .

Cox Automotive reported that its Manheim Used Vehicle Value Index, which tracks the auction prices of used cars, plunged 14.2% from a year ago. The index has also slid to the lowest point since August 2021 as used-car sales tumbled 10% in November.

November's monthly decline on a year-over-year basis of 14.2% was the largest ever on Manheim's data.

Read more via www.TonysKansasCity.com link . . .

Used-Car Prices Collapse Most On Record

Readers have been well informed that the used car market bubble popped earlier this year (read: here). Cox Automotive reported . . .

Missouri personal property tax jumps lead to questions, long lines

KANSAS CITY, Mo. - Personal property taxes in Missouri, that's what you pay on your vehicles, are due on December 31 in Jackson County. It's a date that might not be easy to forget, given the higher tax bills many are facing.

Wholesale used vehicle prices dropped 15.6% between January and November

Dec. 7 (UPI) -- After reaching record levels earlier this year, wholesale used vehicle prices dropped to their lowest level in over a year in November. Prices decreased by 15.6% between January and November, and are down 10.3% from last year, according to data released Wednesday by Cox Automotive from their Manheim Used Vehicle Value Index, which tracks the values of used vehicles at wholesale auctions.

Developing . . .