The Car Market shows CLEAR SIGNS of IMMINENT CRASH

The new and used vehicle market is showing some grim signs of a crash. Inventory levels continue to shoot through the roof, MSRPs have inflated to the moon, dealers are turning away allocations, etc... People are struggling, between inflated daily expenses and bills to insurance premiums. People cannot keep up. This is a driving reason as to why we're seeing a 23% increase in vehicle repossession over the last year. People can't keep up and something has got to give. Dealers are getting desperate, they're being forced to SLASH PRICES to move inventory. If they don't, they'll go out of business. Simple as that.

Interest rates haven't moved much over the last year... people with excellent credit getting stuck with 7-10% rates on their New vehicle purchases and up to 15% on used vehicles. No thank you!

Credit card delinquencies are through the roof too, we're not seeing the HIGHEST delinquency rates in the last 12 years. What do we need to see from the automotive industry to make a positive shift in the market? What's it going to take? Let me know your thoughts.

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-Stay Untamed...

#carmarket #automotive #markettrends #marketcrash #dealerships

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[drivedb]

For months, people have been saying that the car market is crashing, repos are skyrocketing and the end is nigh. Meanwhile, nothing has happened and cars keep selling. 🙃

[dustincollins]

I have 0 credit card debt and 0 auto debt and will never pay these new truck prices. They have priced out the middle class working man

[romeoalay]

We’re barely making ends meet given the high cost of living. Here in California everything went up, electrical bill, insurance went up and wages remained the same . And reality is no one needs a brand new car every two years . I will gladly keep driving my 2015 Tacoma until it blows .

[shanehen]

The entire economy shows clear signs of imminent crash.

[robertawiese]

I paid my car off like a year ago and Im not going back to a car payment ever again… its so nice to have extra money again😊

[airratchetjockey]

Pure insanity that a truck can cost 109k

[jayteesgear]

As a 47 year old who has worked in the Insurance industry, you NAILED THIS! I was turned down by Nissan the other day and when they sent me a letter it showed the WRONG Score (as per which Bureau ) . I have Mid credit which used to EASILY get a good rate. So im just gonna chill and keep payin down the Cards and see how these prices reflect by EOY.
Oh and ABC didn’t help last night. Those moderators should be SUED. God Bless brotha😎🇺🇸

[nycarpenter]

I have 40 years of experience buying and selling cars. This current market is by far the most unaffordable. We are going to have a crisis of credit. You can only be as wreckless as your credit limit allows! The end game is going to be ugly...

[justsayin]

I imagine the government will bail them all out, like they did before.

[tennekun]

Yah I remember the Toyota dealer who put paint protection for $8, 000 as a mandatory dealer option during the pandemic. I'll never do business with that dealer forever.

[kenyalee]

Vehicle prices are the leading CAUSE of MASS inflation.

[PattyCakeJake]

I’m never financing a car again. Not worth it.

[michaelp]

Another great video. Repos from dealers (not just consumers) are increasing because many dealers cannot maintain their floor plans with hoards of new inventory as old as 2023 on their lots. You're also correct about how some dealers treated their long-time customers as "boogers" during the pandemic. I can personally attest to that as I executed my lease buyout option after my dealer of 10 years (and three fully loaded leases) treated me in similar fashion in 2023. As you note, the MSRPs reflect what were house prices not long ago. If, as the NY Fed reports, 20 percent of new car loan applications are being rejected today, then it will only get worse. OEMs will have to eventually pivot back to simpler technology and lower price points if they don't want the music to stop.

[jeffburton]

The government printed 40% more money in one year. Everything now costs 40% more. How much more do you make?

[Wickedpissah]

Bought a used car with a 100k miles on it for $3k cash. Never financing or buying a new vehicle again.

[Maverick]

“Short Term GAIN; Long Term PAIN” Teach them all a lesson!!! Maintain your current vehicle!

[lvsqcsl]

At 10:26, "They flicked their loyal customers like boogers?" My thinking aligns with yours on that, sir. GREAT VIDEO!

[bobbyb.]

Heck, the Dollar Store is now $1.25!!😬

[jimmyamico]

Excellent video… good to see you again….❤

[michaelthomas]

Supposed to be an alleged car market crash for 2 years now. Prices still through the roof with strong inventory. These car companies would rather wait for a bailout or bankruptcy before reasonable prices ever occur.