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The end of the auto industry as we know it

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Auto Inventory Glut Sends Shockwaves Across the Industry

Expect to see a wave of repossessed vehicles hit the market:
The asymmetry between demand and supply of vehicles is not likely to disappear anytime soon. With more than 30 million Americans out of work and loan defaults on the rise, there are not likely to be many buyers of these big-ticket items.

Go for it?
As inventory is beyond bloated and car dealers are bleeding cash, negotiating power is likely to be tilted in favor of the buyers.

The auto industry had problems before the epidemic; a major thinning out that was inevitable has been hastened. Instead of 5 years, it will be more like 1-2 years to see a very different auto industry.


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