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Yes you can, and here's why. The high unemployment rate during the pandemic was(and still is) mostly formed of people working in the service industry, travel,
by ChuckNorris89 6y ago
Yes you can, and here's why.
The high unemployment rate during the pandemic was(and still is) mostly formed of people working in the service industry, travel, minimum wage earners and people with little to no skills and those people were having a rough time even before the pandemic so they were never on the automakers' radar of customers would buy a new car, not in a million years. Those people can only afford to buy used.
On the other hand, the typical new car buyer, the middle classer and above, saw little unemployment, on the contrary, many have seen their best years yet, which is why the demand for new cars (among other things) exploded.
- tlb 6y agoEntirely predictable (in retrospect). The (in mice) of economic predictions.