Quote:
Originally Posted by IK6SPEED
As new car sales are imploding, that has an effect on the used car market (and prices).
Less new cars in the pipeline means fewer cars to enter the used market.
They go hand in hand, not in inverse.
You are also assuming USA has not hit peak car ownership which rest of World hit over past 24 months or so and it seems USA hit in 2018.
Thus not all current cars will be replaced as Uber and Lyft have taken hold, becoming more mainstream.
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Pretty sure they are inverted. Less new car sales = lower supply of used cars = higher prices for used car for a given demand.