>The 7 year loans could just mean people are choosing to buy more expensive cars, That's exactly what it is. Cars are lasting longer so more of the market is

>The 7 year loans could just mean people are choosing to buy more expensive cars, That's exactly what it is. Cars are lasting longer so more of the market is shifting to various types of used (e.g. CPO Avalon is bought by people who would have formerly bought a new Echo) and there's a bunch of secondary mechanisms and financial incentive shenanigans that further this.