Re:Inflation rises 7.5% over past year, more than expected a...
by jsight on Thursday February 10, 2022 @10:38AM
(#30287656)
The funny thing is that it wasn't that long ago that people were arguing that the pandemic would have a lasting impact in the opposite way.
A popular theory was that rental car companies will dump their inventory, there'd be a glut of used cars, and both used and new car prices would crash as a result.
They overlooked that eventually demand would return and those empty inventories would have to be refilled at a time that was just 12-24 months removed from massive decreases in production. And that it'd correlate with every other industry scrambling for supplies and transportation at the same time.
A popular theory was that rental car companies will dump their inventory, there'd be a glut of used cars, and both used and new car prices would crash as a result.
They overlooked that eventually demand would return and those empty inventories would have to be refilled at a time that was just 12-24 months removed from massive decreases in production. And that it'd correlate with every other industry scrambling for supplies and transportation at the same time.
This too shall pass.