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We won't really know until it happens, of course, but perhaps the glut will be new cars, not used -- if a lot of people change their purchase decision from a ne
by rootusrootus 7y ago
We won't really know until it happens, of course, but perhaps the glut will be new cars, not used -- if a lot of people change their purchase decision from a new car to a used one to save a few bucks.
- jedberg 7y agoThat's fine though. The main reason to buy used is to save money, but if the new cars drop to used prices, then you get a new car and save money!
- gruez 7y agoNew car production can be stopped. Vehicle repossessions/auctions can't. For that reason alone there shouldn't be a glut of new cars.