The Car Market shows CLEAR SIGNS of IMMINENT CRASH

The new and used vehicle market is showing some grim signs of a crash. Inventory levels continue to shoot through the roof, MSRPs have inflated to the moon, dealers are turning away allocations, etc... People are struggling, between inflated daily expenses and bills to insurance premiums. People cannot keep up. This is a driving reason as to why we're seeing a 23% increase in vehicle repossession over the last year. People can't keep up and something has got to give. Dealers are getting desperate, they're being forced to SLASH PRICES to move inventory. If they don't, they'll go out of business. Simple as that.

Interest rates haven't moved much over the last year... people with excellent credit getting stuck with 7-10% rates on their New vehicle purchases and up to 15% on used vehicles. No thank you!

Credit card delinquencies are through the roof too, we're not seeing the HIGHEST delinquency rates in the last 12 years. What do we need to see from the automotive industry to make a positive shift in the market? What's it going to take? Let me know your thoughts.

Thanks for watching as alwatys, if you enjoy these types of videos please let me know. I sincerely appreciate you taking the time to tune in and engage. Thank you. Please consider Liking and Subscribing if you'd like to see more.

-Stay Untamed...

#carmarket #automotive #markettrends #marketcrash #dealerships

ENGAGE WITH ME ON INSTAGRAM:
@untamed_motors