The Car Market is CRUMBLING... Here's What NOBODY is Talking About!
The New and Used Vehicle Market is STUCK! The car market is struggling and there isn't a light at the end of the tunnel right now. There have been constant blows to the vehicle market and in this video I will explain just how bad things are for the US. Between record high loan default, record high repo rates, record high auto loan debts, and absurd auto insurance rates, we're nearing rock bottom. Things will get worse before they get better, I'm afraid.
What re your thoughts? Do you think 2024 will see a market correction? Or will the new and use vehicle market continue to get worse? Interest rates are awful right now but deals are getting better, if you're a cash buyer, 2024 might just be your year to get a great deal on a vehicle. Dealers are having to drop their car and truck prices to stay afloat. There will be plenty of dealerships that go under this year unfortunately, we just saw Vroom and Northwest Motorsports fail. What's your projection?
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