The Used Car Market Will Crash!

Sharing is Caring!

It’s quite likely that we’re currently experiencing the used vehicle market’s weirdest time ever. Carvana, CarMax, Vroom, Shift, and maybe a hundred dozen other companies are striving to commoditize used inventories and move shopping online. Meanwhile, new car production is down, dealer inventories of all sorts are negligible, and demand has been goosed by COVID stimulus payouts that make tidy down payments. High-mileage husks have moved from the remainder bins of the buy-here/pay-here margins over to the front lines of fancy factory-backed dealerships. Will the madness ever end?

See also  Powell says inflation poses ‘severe’ threat to job market... Fed got fooled by their own stimulus. AGAIN? First S&P high NOT confirmed by the Wilshire nor by NYSE breadth... Crash risk is high
See also  Mr. Market Is Now Very Impressed With Apple

Of course it will. When? And what will the crash look like?

Read more here:
www.roadandtrack.com/car-culture…ill-crash/

661 views

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.