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I don't think we are seeing it burst. Many of the cars being brought to market are in lesser condition than what was on offer 6 months ago. Couple that with overly optimistic sellers who are trying to capitalize on the run up and you have average cars sitting unsold because people are asking nice car prices for them.
I think that the sellers have just stepped in front of the price increases. Their expectations are unreasonable and that's all that needs an adjustment.
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