Came across a research note from a previous client, and he was talking about impact of global chip shortage. From a macro perspective, Things like all-time highs for trade-in values, new car prices. To wit:

"Customers that might have owed more than the car was worth suddenly now are breaking even or even bringing equity to the new car deal"

"The average price paid for a new model climbed to a near record of $37,572 per vehicle in April, up about 7% from a year earlier, according to J.D. Power"

"The average price paid for a preowned vehicle hit a record of $25,463 in April, about $2,800 higher than in the same month last year, according to research firm J.D. Power"

"The average trade-in value for a vehicle reached a record of $17,080 in March, nearly $3,000 more than the average value a year ago, according to Edmunds.com"

Anecdotally, this guy also shared he had a colleague who bought a new F-250 last year, and traded it in for more than he paid for a 2021 suburban. I’m not an economist, but this is just silly. Oh well, off to go shovel a few more wheelbarrows of money into crypto.