I am hearing today that up to 20,000 to 25,000 (20,000 private and 5,000 dealer) cars maybe written off. Really don't know if that is true or not but it begs the question, if a huge amount of cars are either sent to the wreckers or fixed up, what will happen with both the new and second hand car market?
Will Dealers struggle to get replacement new cars? Will existing second hand cars go up in value? If this is the case, will it make it more viable for many of these damaged/written off cars to be replaced?????
As I am not buying any cars soon, I would not be interested but am sure many would be though.
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