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covid-19

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The auto industry has been hit hard. Automakers are closing factories worldwide to mitigate this crisis, the US dollar is fluctuating heavily (and not in a good way), and new car sales have declined rapidly. Auto shows globally are being cancelled. If we look at the effects of the 2008 auto industry crisis and its effects on car pricing, we can see that the market quickly turned to favor the buyer. With automakers offering 0%…