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Car Repossessions Surge 23% as Americans Fall Behind on Payments
(www.bloomberg.com)
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this post was submitted on 27 Jul 2024
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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.