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Originally Posted by Dadhawk
Interesting article covering the potential collapse of the used car market due to surplus demand as auctions are basically shut down at this point. Also, how GM/Ford are concerned about leases and are offering extensions to help prevent a flood of returned cars.
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Yeah. It’s been a house of cards for awhile. Could be like the housing market in 08 where you could not pay your mortgage and it took the banks 3 years to get to you. Some people who lost jobs and can’t pay will keep the cars until the banks find the time to go get the car.