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The Pinny Cohen blog has a nice article about new car sales and why they’re dropping. It’s quite insightful and I agree with most of it.

In particular, the point about lots of leasing and leased cars entering the used car market is making many people buy used instead of new. This is one of the reasons I’ve always bought used cars – they’re priced right and many of them are not used that much at all. My 350z was two years old and only had 13,000km on it.

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