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re: The coming automobile market collapse and what it means
Posted on 7/24/22 at 4:39 pm to weadjust
Posted on 7/24/22 at 4:39 pm to weadjust
quote:
The repossessed ICE cars would be sold at auction and be back on the road
Do not underestimate Joe's ability to frick things up.
As repo's increase it wouldn't shock me to see Biden pushing Congress to "bail out the auto industry" by buying the repo'd cars and simply destroying them. Think "Cash for Clunkers 2.0".
2
Posted on 7/24/22 at 4:54 pm to Bard
Cash For Clunkers was the biggest middle finger to the poor and working class and they just said "Thanks 0bama, I ain't even gay but go ahead and pull down your pants so I can thank you properly!"
Posted on 7/24/22 at 4:54 pm to Bard
quote:
As repo's increase it wouldn't shock me to see Biden pushing Congress to "bail out the auto industry" by buying the repo'd cars and simply destroying them. Think "Cash for Clunkers 2.0".
We didn't have new car/light truck shortage during cash for clunkers. From 2015-2019 there were 17 million cars/light trucks sold each year. 2020 dropped to 14.5 million and 2021 to 12 million. We can't produce ICE or electric cars fast enough to meet demand and it doesn't look like that will change in the near future.
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