A man sits in a car and holds in his hands the documents for the purchased car. Source: Shutterstock.

While the pandemic led to an unprecedented recession, its uneven impacts were experienced acutely in the automotive industry.

The whacky conditions have led to rising used car prices, and sharp drops in lending market share for banks and credit unions. Preliminary numbers for July from Experian showed both banks and credit unions regaining some share, but still below pre-pandemic levels.

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Jim DuPlessis

A journalist for decades.

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