Used Car Market is Crashing Faster than 2009
The used car bubble is popping faster than it did in 2009. We look at the value of used vehicles. We can see that on average, for decades, it climbed at a very steady pace.
There was a big collapse and then a big recovery in 2008 to 2009. Since 2020, obviously, there has been a giant spike in the price of used vehicles, and it looks like that has now turned around.
Because of this. Americans are not paying their car payments. We are seeing repossessions at a record high.
Timecodes
0:00 Video Introduction
0:39 Forces at Play
2:09 New Car Supply Chain Issues
4:07 Rise in Auto Loan Delinquencies
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I am not a CPA, attorney, or licensed financial advisor and the information in these videos shall not be construed as tax, legal, or financial advice from a qualified perspective. Linked items may create a financial benefit for Heresy Financial.
#UsedCarBubble #2009Repeat #SupplyChain
Видео Used Car Market is Crashing Faster than 2009 канала Heresy Financial
There was a big collapse and then a big recovery in 2008 to 2009. Since 2020, obviously, there has been a giant spike in the price of used vehicles, and it looks like that has now turned around.
Because of this. Americans are not paying their car payments. We are seeing repossessions at a record high.
Timecodes
0:00 Video Introduction
0:39 Forces at Play
2:09 New Car Supply Chain Issues
4:07 Rise in Auto Loan Delinquencies
My Courses:
How to Buy Gold Without Getting Scammed https://heresyfinancial.teachable.com/p/how-to-buy-gold
How to Bulletproof Your Portfolio (40% Off): https://heresyfinancial.teachable.com/p/bulletproof-your-portfolio?coupon_code=40OFF&product_id=4166105
How to Make Fortunes in Bear Markets ($99 Off) https://heresyfinancial.teachable.com/p/bear-market-investing-guide?coupon_code=99OFF2023&product_id=4324901
My Free Weekly Newsletter https://heresyfinancial.curated.co
My Recommended Affiliate Partners:
Monetary Metals https://monetary-metals.com/heresy-financial/
Vaulted https://vaulted.blbvux.net/2rXX47
OneGold (Code Heresy1x) https://bit.ly/3mS6dNo
iTrustCapital (Get $100 of BTC) https://itrust.capital/heresy
Swan Bitcoin (Get $10 of BTC) http://bit.ly/swnhrsy
Ledger http://bit.ly/ldgrwlt
TradingView http://bit.ly/tvchrts
M1 Finance https://m1finance.8bxp97.net/QOKA3P
GroundFloor https://groundfloor-finance.sjv.io/mgRRvy
Fundrise https://fundrise.sjv.io/Ygg2NO
All my socials are @HeresyFinancial
Twitter: https://www.twitter.com/heresyfinancial
Insta: https://www.instagram.com/heresyfinancial
TikTok: https://www.tiktok.com/@heresyfinancial
Reddit: https://www.reddit.com/user/heresyfinancial/
Rumble: https://rumble.com/c/HeresyFinancial
I am not a CPA, attorney, or licensed financial advisor and the information in these videos shall not be construed as tax, legal, or financial advice from a qualified perspective. Linked items may create a financial benefit for Heresy Financial.
#UsedCarBubble #2009Repeat #SupplyChain
Видео Used Car Market is Crashing Faster than 2009 канала Heresy Financial
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