A glut has used-car depreciation accelerating
With many countries tabling laws to outlaw the sale of diesel and gasoline cars around 2030, this is going to accelerate extremely quickly.In 5 years (2022), everyone will know it will be illegal to buy a gasoline car in just under 8 years.I think there will be very little demand for the regular old gas powered car. (excepting maybe exotics, or "pleasure drives", which much be a tiny fraction of overall sales)That car you have to fill with liquid cancer is going to be worth extremely little, very soon.