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Imagine you’re the founder of a multibillion dollar enterprise. Got a big house? Check. Vacation on an exclusive Caribbean island? Keep the drinks coming. Fast cars? Yea, got to have those. How about a used Honda Civic instead? That’s what Billy Markus, the software engineer who created Dogecoin, the cryptocurrency based on the meme of a smiling Shiba Inu, bought when he cashed in his chips in ...

2020 was a volatile year in many sectors of the economy, and the market for used cars has been no different. Used car sales tend to follow consistent seasonal patterns, peaking early in each year and trending downward as the year goes on. But like the rest of the economy, the onset of the COVID-19 pandemic early in the spring brought the used car market to a halt, with total sales falling to their lowest levels since 2014. With more workers staying at home and travelers forgoing trips due to shutdowns and social distancing measures, consumers’ need for automobiles was substantially lower.