So, they’re predicting a surplus in new vehicle inventory in the coming weeks? That certainly would cause lower prices for both used vehicles and excess new vehicle inventory that is soon to be mostly “last year’s” models.
What happened to the “Hertz Rent-a-Car is going to file bankruptcy and drop 250,000 used cars on the market” story?
Nope
There is a surplus inventory right now.
The trains kept coming with new vehicles for the last six months
There are yards all over the Bay Area full of new vehicles that haven’t been sold yet.
Is car manufacturing considered essential?