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Re: Luckysevens post# 7787

Sunday, 09/29/2019 2:44:01 PM

Sunday, September 29, 2019 2:44:01 PM

Post# of 18345
I am sure we are in a different financial class. I can no longer afford to buy new cars. And I bet you own more EMPM shares than I can manage to get.
But I do know some things about used cars. The market is huge. Bigger than new cars by volume. And the reworking or repairing of those cars for resale is a huge business.
Many (maybe most) of the vehicles in my area are modified. Especially if it is a pickup truck.
People won't need to ship a vehicle to have it altered. Local shops will do very well getting this business. With more and more available EV systems being available. (As Saean says they will provide also) Conversions will get cheaper.
And many local and state governments are trying to outlaw gasoline engines. (California and others) With greater restrictions on emissions with a final goal to eliminate.
The end goal is a total change over in transportation methods.
A giant undertaking for our society. Being pushed for many reasons (some I disagree with) But still the push is coming. And fast.
I like that they are talking of targeting all vehicles, small, large, old new, land, sea, air. What a great business model target.

New vs used vehicle sales
https://www.statista.com/statistics/183713/value-of-us-passenger-cas-sales-and-leases-since-1990/

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