Conversation

Cash for clunkers was the first supply shock that ratcheted up the price of used cars. So many cheap cars taken off the roads

Then Covid hit and auto manufacturers killed their own supply chain by cancelling microchip orders, so they had to decide: where do we allocate the chips? The highest margin cars, of course!

There were years of supply chain disruption, leading to car companies getting addicted to high margins

Now the consumers are fucked on the low and high ends
https://vmst.io/@jalefkowit/113222450975041152