6 thoughts on “Used-Vehicle Wholesale Volume Collapse

    • New car dealerships are now offering no payments for 3-6 months and zero percent interest financing. New cars are not selling. If the used car market tanks that becomes both sides of the coin. We saved Detroit and the auto industry in 2008-09. This time I don’t see another bailout. Best case scenario will be a much smaller vehicle manufacturing/employment sector with some really good bargains for those of us who still have jobs.

      • No. There will be fewer choices but we’ll still have new cars to buy. And we’ll have more used rather than new options. I foresee less air travel and more people taking car trips. It will be interesting to see how all of this plays out.

      • It certainly will be interesting. I don’t know yet whether I will be in the market for another car. I really like my two vehicles. But one is 18 years old, and the other is 24 years old. I would like to keep them for the rest of my life, but if either one requires an extremely expensive repair, I would probably be better off to purchase another car. I prefer to keep these. Whenever I rent or use a new loaner, I don’t like the touchscreen. I do like the modern things like a back up camera and push button to open the tailgate. But I find in the newer cars making simple adjustments to climate control and radio take my eyes off the road for too long.

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