Why do they expect prices of used car to rise in h2 2024 and 2025? Do they name reasons why they think the used car markets will stay tight?
Do you know how important in numbers lower lease maturities are? (From the Off Lease Returns Chart it’s not clear how much of the trajectory is coming from return rate vs lower maturities)
Ps: Not extremely important topic: According to your chart it appears repos have been lower then usual as recent as 2023. Do you trust Cox data more by now or do you still believe that someone like Lucky might have a good point? If there was an problem in the repo market we would see that with other data like e.g. rising supply of used cars, correct?