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Interesting flybigjet thanks for posting.
The quality in the preowned market is late model low mileage lease returns. These I can see carrying the highest prices, relative to what was considered "normal" in the pre-pandemic days.
Rental cars at auction I can see getting hammered price-wise. Personally, I would not buy a former fleet or rental vehicle.
Will the large auction houses such as Manheim park the inventory, as hinted at in the article? That would be speculative, similar to recent oil buying and storing it on the water in tanker vessels. Cash for Manheim would be tied up, and they would need to estimate when and at what price the inventory could be liquidated.
I'm of the view right now that prices for quality, preowned low mileage lease returns will not come crashing down in in the next quarter.
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