Analysis of Google search data reveals that searches for ‘sell my car’ in the U.S. exploded 222% from September 2022 to an all-time high in U.S. history. Economist Stephen Roach said that the U.S. needs a miracle to avoid a recession, in a recent CNBC interview.
The analysis, by car buying experts findthebestcarprice.com, reveals that searches for ‘sell my car’ exploded to over three times the average volume in September, an unprecedented increase in people searching for ‘sell my car’. The data also reveals that searches for ‘how to sell my car’ and ‘sell car’ skyrocketed 145% and 104%, respectively, in August.
Between 25 August and 01 September, searches for ‘sell my car’ spiked by 177% on August 28th, as the Federal Reserve announced more interest rate increases are to go ahead, further increasing corporation’s prices at the expense of American households. Searches for ‘sell my car’ increased by an additional 15% on 04 September, as the U.S. Labor Department announced that the unemployment rate has risen from 3.5% to 3.7%.