Tuesday, Jan. 31, 2023, 04:45 PM
Think of the used-car supply picture back in 2010 through 2012.
These were the years in the aftermath of the Great Recession, automaker bankruptcies and, ultimately, new-vehicle sales tanking.
“All you dealers out there that remember trying to get used cars, especially lease maturities back in 2010, 2011, they weren’t there,” Jonathan Banks, vice president of product and vehicle valuations at J.D. Power, told a crowd at the J.D. Power Auto Summit last week in Dallas.
“We’re in a similar situation with …