MAJOR CRISIS: Repo Rates SKY ROCKET, Dealers & Banks In TROUBLE

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BIG BANK REPOs EXPLODING At Auctions! BANKS, CAR DEALERS In TROUBLE! (CQA Video that Zach was in):
⮕ https://www.youtube.com/watch?v=l_Z3_HRLMQw

Bloomberg Article:
⮕ https://www.bloomberg.com/news/articles/2023-04-19/inflation-high-car-prices-hurt-us-consumers-and-boost-repo-demand?leadSource=uverify%20wall

Credit Acceptance Corp. Q1 2023 Results:
⮕ http://www.ir.creditacceptance.com/news-releases/news-release-details/credit-acceptance-announces-first-quarter-2023-results

Credit Acceptance Corp. Q4 2022 Results:
⮕ http://www.ir.creditacceptance.com/news-releases/news-release-details/credit-acceptance-announces-fourth-quarter-and-full-year-2022

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Although the fabled "repocalypse" or "repogeddon" may not be happening, dark clouds are still on the horizon for auto loans. Credit Acceptance Corp., a huge player in subprime auto loans, raised their loan-loss provisions AGAIN in Q1 2023. In addition, Zach has some newfound firsthand knowledge from visiting an actual auto auction: repos are EVERYWHERE!

Видео MAJOR CRISIS: Repo Rates SKY ROCKET, Dealers & Banks In TROUBLE канала CarEdge