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plummeting new car sales will shrink used car inventory (shrink supply).
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What is this plummet you speak of?
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Then there was foreign demand for used EVs that might still be going on.
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The province of Quebec introduced a rebate for
used EV purchases a couple(?) of years ago, and the result meant a significant amount of importing of used EV's from other areas, possibly including the States.
Didn't Oregon recently institute a similar used EV incentive? That would drive prices up as well.