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Why the Car Market Went Crazy

Cato Podcast

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The Car Market Hasn't Reached Glide Yet

Bob Greene: The car market hasn't reached glut yet, but there are some positive signs. He says automakers realized that actually low inventories are pretty good for boosting prices. Now you have automakers kind of starting to increase supply and increase inventory because they're battling for market share, he says. Greene: Good old competition is doing its thing. And we've seen some moderation in used car prices and new car prices.

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