Why the Gasoline Price Spike Didn’t Derail Consumer Spending despite all Moaning & Groaning: Auto Dealers Got Caught Too

The spike in gasoline prices from February through mid-May did a job on auto dealers, and they piled into wholesale auctions and bid up prices of used EVs, expecting huge retail demand from consumers trying to dodge those high gas prices that were apparently ruining their lives. And prices of used EVs at wholesale auctions spiked...