That used car statistic is truly quite staggering. It's pretty frustrating how much of that is initially due to major manufacturer's own misread of the situatio

That used car statistic is truly quite staggering. It's pretty frustrating how much of that is initially due to major manufacturer's own misread of the situation too, but no point in crying over spilled milk, right? Anyway... > "The used cars and trucks index rose 1.5 percent in January, a deceleration from the 3.3-percent increase reported in December." (from your link) It's good to see that this is slowing down. I was curious so I took it upon myself to gather a few links[0][1][2] with statistics on U.S. and global auto production. I wanted to know what the "old normal" looked like, what kind of drop in production is required to trigger this kind of inflation, and how close we are to getting back to normal. In short, my answers were our manufacturing numbers have been on a slow, steady decades long decline for some time now anyway[0] so I guess it depends on your level of pessimism, a 16-17% drop overall[1] (coincidentally about the same worldwide)[2], and about halfway back to normal but progress is slow and inconsistent[0]. Everything blew up in March 2020, somehow managed to snap back to normal temporarily in July 2020, and finally proceeded to spend the rest of 2020 and all of 2021 on an increasingly bleak rollercoaster that is just now beginning to rebound (hopefully). [0]https://tradingeconomics.com/united-states/car-production https://tradingeconomics.com/united-states/car-production [1]https://www.goodcarbadcar.net/usa-auto-industry-total-sales-figures/ https://www.goodcarbadcar.net/usa-auto-industry-total-sales-... [2]https://www.oica.net/category/production-statistics/2020-statistics/ https://www.oica.net/category/production-statistics/2020-sta...