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Coronavirus: how will the Used Car market react?
- Mar 23, 2020
- 2 min read
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23 March 2020
Coronavirus: how will the Used Car market react?
The automotive market is facing its 5th major crisis this century after 9/11 (2001), the financial crisis (2008), the Euro crisis (2012) and last, but not least, the Dieselgate (2016). The Coronavirus crisis is however difficult to compare with previous situations, as its causes and effects are unprecedented.
With prolonged containment and an uncertain return path to normal, what will happen with the used-car market and prices when the recovery takes hold?
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