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by skybrian 1133 days ago
US vehicle sales were up in April [1], [2], so someone is buying them.

[1] https://economics.td.com/us-vehicle-sales [2] https://fred.stlouisfed.org/series/ALTSALES

3 comments

A lot of that seems to be fleet sales to rental companies that need to recover from dumping their inventory to stay afloat during the pandemic.
Perhaps it's Uber drivers buying them with financing after being forced to drive a sufficiently recent model of vehicle.
There’s a huge backlog right now. An increase in sales tracks an increase in supply. The situation is changing rapidly, anecdotally. My local Toyota deal dropped their dealer markup from $10k to $5k recently