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Cash for clunkers destroyed mountains of cars which increased pollution and forced a bunch of people up the food chain with regard to competition for used cars.


A big part of it began there, and Covid just made it even worse by constraining new car supply for a while.


Not to mention, all the excess dollars means that almost any older car has increased value for nostalgia seekers and enthusiasts.


The higher cost of financing making people hold the cars they have has further reduced the supply.




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