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Car Repossessions Surge 23% as Americans Fall Behind on Payments (www.bloomberg.com)

submitted 3 months ago by [email protected] to c/[email protected]

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[–] [email protected] 13 points 3 months ago

Good news for the used car market. Lots of new inventory about to become available.

Bad news for American car manufacturers, who are already struggling while they're in limbo between ICE and EV and can't commit to either, but certainly will help to correct used car prices.