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The ongoing COVID-19 pandemic had mixed effects on the auto industry. A shortage in semiconductors has led manufacturers to do strange things. BMW, for instance even removed touch screens on some of their models as a way to steer through the pandemic, while some brands such as General Motors outright sold fewer cars this year, surrendering its crown to Toyota as America’s best-selling automaker after a 90-year dominance. As a result, a number of new car buyers migrated towards the used car market, which also has led to a thin inventory of used cars.
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