Since 2020, the used car market has undergone an unexpected and profound conversion that has surprised industry experts. Previously regarded as one of the poorest investment choices due to the rapid depreciation typical of vehicles, the environment has shifted dramatically, today the market looks like tulip mania. The prices of many used cars began climbing higher and higher, continuing to rise over several years. This trend transformed what was traditionally seen as a depreciating asset into something akin to a cash machine. This surprising turn of events in the used car sector has shifted perceptions and caused many to warn of a used car bubble. One that seems to be imploding as we speak, but not in a way that you would normally think.
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