The Car Market is COLLAPSING | Fastest Time in History!

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Sources:
1. https://www.bloomberg.com/news/articles/2023-01-27/car-repossessions-grow-as-inflation-slams-consumers?srnd=premium
2. https://www.cnbc.com/2023/01/04/share-of-car-buyers-with-monthly-payments-over-1000-hits-record-high.html
3. https://www.cnbc.com/2023/01/27/16-million-people-approved-for-contested-student-loan-forgiveness-.html

Do you plan on buying or selling a car in 2023? Did you know there are more repossessions today than in 2009 during the great financial crisis? Hard to believe how bad the auto market is today when we do not hear much about it from our friends and neighbors or on local television. The reality is much worse than we are lead to believe and as interest rates rise, the job market softens we will see more and more people be forced to let go of their cars.

Will you be buying or selling a car in todays market or will you be waiting for the auto market bubble to pop so that you can hopefully pick up a distressed deal?

I have my eyes on a couple car models and if the car market pops soon, you will see me in one of these cars. I do not think I am the only one who refused to pay $50,000 or $100,000 over sticker price to get a car.

#cars #autobubble #recession

Видео The Car Market is COLLAPSING | Fastest Time in History! канала ThisisJohnWilliams