There is early evidence that more used exotic cars are on sale.
collapsing, it stands to reason that the used car lots would be overflowing with six-figure Italian supercars, right?
I reached out to three sources to get their take on this, and they all basically told me that there are too many factors at play to say conclusively that crypto bros are getting rid of their expensive automotive assets in droves. The results were surprising. According to Edmunds, appraisals went up slightly a few weeks before the major announcements of trouble within the crypto market. While it’s impossible to draw too many conclusions, it did leave the firm’s experts scratching their heads about what other possible reasons there could be for the increase in appraisals.
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