while it seems that way initially the reality is more complex. waves of repossession means waves of employees who cant get to work anymore. repossessions arrive on your credit history as a major blemish, meaning you cant get credit for a new car. your credit card interest goes up as a result, unemployment ticks steadily up as well until the market reacts parasitically, and eventually the car you picked up for loan balance cant go for even a fraction of that because of the surprise 1.6 trillion dollar recession you triggered.

its more palatable to subsidize these dicey loans (as we did in 2008) then come to jesus with the grim reality of following the letter of the lender instead of the spirit of the loan.

So you're saying it's all a house of cards? (/s ... kind of)

> It was a time bomb. Cars are easier to seize than houses. Given the present shortages, re-selling them at close to the loan balance shouldn't be an issue.

Will there still be vehicle shortages if a significant number of cars are seized for resale and potentially a significant number of would be buyers are not able to obtain loans?

Most likely yes, considering the major supply chain interruptions with the craziness that is going on in China, oil uncertainty with issues in Russia, e.t.c.

There is also the issue of raw materials, which can be reused.

I thought that most of the people on the new-car-every-two-years bandwagon were leasing?