Tag: chip shortage

Hello everyone and welcome to our channel! In this episode, we delve into the alarming state of the car market, where a devastating crash is now in motion.Get ready for a shocking revelation about the state of the U.S. car market. A devastating crash is underway, with grave consequences for buyers, sellers, and dealers. As new and used car prices skyrocket, auto loan debt is reaching alarming levels, causing repossessions and financial turmoil. This crisis could lead to a major economic downturn, affecting jobs, businesses, and the supply chain. Don't miss this eye-opening video exposing the troubled state of the U.S. auto market. auto market collapse,auto market crisis,automobile crisis,car market crash,car price crash,car price drop,used car bubble,used car bubble burst,auto market o...

A devastating car market crash is now in motion, and it will trigger brutal consequences for buyers, sellers, and dealers. The U.S. auto market entered 2023 in a massive bubble, with average new car prices hitting an absolute record high while used car prices were almost 42% higher compared to 2019 levels. But now several factors are contributing to a collapse in the value of cars. At the same time, auto loan debt levels are shooting up and even borrowers with good credit scores are becoming unable to afford car payments and having their vehicles repossessed. A famous industry executive said this could lead the country to the next great financial crisis, and considering the pace at which this downturn is unfolding, it looks like his warning is spot on. In February 2023, the average cost o...