Wild indeed, and unsustainable. There's going to be a correction.
What will the correction look like? It almost has to look like the price of cars crashing, doesn't it? It will start with new cars being overproduced, dropping in price, then used cars dropping.
2023 might be a good time to buy a car, if you can hold on until then...
>What will the correction look like? It almost has to look like the price of cars crashing
I really hope this happens harder/faster than inflation just so we get a couple years free of morons on the internet screeching about how their 4Runner holds value.
sounds like shorting the market, which is tough because the market usually goes up. Even if you're right in assessing it's overvalued, if it doesn't crash in a reasonable amount of time, the bottom might still be higher than what you sold at.
