Be sure to thank public health for their ineffective NPIs – at least we got high inflation out of those!
Automakers are expected to lift production this year, but they’ve also pledged to not overbuild like they have in the past.
“We’re unlikely to go back to pre-pandemic levels. Vehicles cost way more now,” Frey said regarding used car pricing. “The landscape has changed. [Automakers] are not manufacturing as many as they have because they got the taste of gold — huge profits from not having so many vehicles in manufacturing.”
Source: Why there may be no return to ‘normal’ for the used vehicle market
