Thursday, July 27, 2017

Used car 'time bomb' complicates auto industry transformation, new report says - LA Times

Used car 'time bomb' complicates auto industry transformation, new report says - LA Times
Image result for explding car"...for traditional automakers, the road ahead will be bumpy, risky and expensive.
...The report includes a near-term industry outlook with a darker forecast for U.S. auto sales than most other prognosticators have put forth.
Record-high vehicle sales in 2016 will dive 13% from 2017 through 2019, the firm predicted — to 15.2 million vehicles from 17.5 million — in what it calls a cyclical but ill-timed downturn made worse by a “used car time bomb” as hundreds of thousands of vehicles come off lease all at once..."

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