“The macroeconomic environment has deteriorated further and faster than anticipated.” Kathoomph. And Zoom gives up most of its knee-jerk mini-jump afterhours.

Average Age of Cars & Trucks in Operation Rises to Record, as New Vehicle Sales & Miles Driven Plunged

by Wolf Richter • May 23, 2022

Scrappage rate dropped to lowest in two decades, as used vehicle prices spiked the most ever.