Something very strange is happening.
Used car supply is at historic lows, yet we *just* experienced the largest monthly decline in used car prices on record.
But that doesn’t make sense — If supply is so low, prices should stay high… right?
Wrong.
It seems like between the Credit Crunch (aka lack of financing availability for consumers) and rapidly increasing new car incentives, used car prices are beginning to experience accelerated deflation.
Weird times my friends.
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