Pandemic era auto production pullbacks have left a hole in the used car market that totals about 7.5 to 8 million vehicles, according to estimates from Cox Automotive. Incentives still are below pre-pandemic levels, and leasing rates are still low–especially for some popular vehicle types. That era also changed automaker behavior in ways that will continue to keep prices high and supply low for all customers--even those shopping for the cheapest used cars.
Produced by: Robert Ferris
Editing: Natalie Rice and Darren Geeter
Camera: Ryan Baker
Animators: Jason Reginato, Emily Park
Senior Managing Producer: Tala Hadavi
Additional Footage: Getty Images
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How A ‘Disciplined’ Auto Industry Squeezed Consumers
Produced by: Robert Ferris
Editing: Natalie Rice and Darren Geeter
Camera: Ryan Baker
Animators: Jason Reginato, Emily Park
Senior Managing Producer: Tala Hadavi
Additional Footage: Getty Images
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About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
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How A ‘Disciplined’ Auto Industry Squeezed Consumers