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US vehicle sales were up in April [1], [2], so someone is buying them. [1] https://economics.td.com/us-vehicle-sales https://economics.td.com/us-vehicle-sales
by skybrian 4y ago
US vehicle sales were up in April [1], [2], so someone is buying them.
[1] https://economics.td.com/us-vehicle-sales https://economics.td.com/us-vehicle-sales
[2] https://fred.stlouisfed.org/series/ALTSALES https://fred.stlouisfed.org/series/ALTSALES
- georgeburdell 4y agoThere’s a huge backlog right now. An increase in sales tracks an increase in supply. The situation is changing rapidly, anecdotally. My local Toyota deal dropped their dealer markup from $10k to $5k recently
- TechBro8615 4y agoPerhaps it's Uber drivers buying them with financing after being forced to drive a sufficiently recent model of vehicle.
- jandrese 4y agoA lot of that seems to be fleet sales to rental companies that need to recover from dumping their inventory to stay afloat during the pandemic.