There’s cars upwards of 20 years still on the road …
But also the waves overlap so we’d still have about 700k cars in additional supply.
But also the waves overlap so we’d still have about 700k cars in additional supply.
And even if they are still on the road they different enough in quality that they are not affecting the resale price of covid era cars. People do not cross shop 2021 cars with 60k miles with 1996 cars with 300k+ miles.