Quote:
Originally Posted by anobserver
Wish i knew. Prices are nuts, even mainstream media has noticed.
https://www.smh.com.au/politics/fede...15-p55vu7.html
Without overseas travel, there is some substitution purchasing going on, but that seems an incomplete explanation.
The scaling back of jobseeker and jobkeeper is happening but in the meantime the used car market is showing fewer cars advertised at higher prices.
Mortgage holidays have to end at some point. Initial reports suggest distressed mortgage rates are rising. What happens then? Do we see a big reversal as a whole bunch of cars come back onto the market to raise cash?
Very, very baffling. |
A lot of people getting off public transport to drive instead, or work from home which could also mean they need another car for personal use.