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When the chip crisis cut the supply of new cars, automakers curbed their fleet sales, forcing rental companies to buy used cars instead.Ryan said he doesn't see an end in sight for the lack of supply, which is down roughly 90 percent from normal for price-points below $20,000 — an issue he speculates could be related to buyers using government stimulus money."It's not clear where the supply comes from, because there's no used car factory you can ramp up and start producing," he said.
As said here by Dominick Reuter