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RE: Vampire Phase Of The Bull Market

in LeoFinance4 years ago

The car situation comes from a few different angles.
There was a lot of flooding during the summer and it keeps seeming like a lot of cars are getting destroyed from various events. For instance the Corvette plant in Kentucky got hit by a tornado and a couple hundred cars had to be destroyed.

So production has been totally messed up with the chip shortage and usually you can get older cars for $1,000-$2,500. That doesn't really exist anymore. To get into something that runs and is dependable it is going to be more like $3,000 on the low end.

Trucks have been popular but for instance the Chevy Silverado has supply chain issues so they were building them and taking them to a parking lot but then the rats chewed the wires.

Also people have been targeting the luxury and exotic market. If you get clean examples of a car that had low import numbers and already went down its main depreciation curve.

Sports cards have been popular as well.