Keep Yourself SAFE! A Massive Car Market Crisis Is Now Underway

Manheim industry Insights and Cox Automotive have revealed fresh data indicating that an auto industry catastrophe of epic proportions is already under way. After two years of significant increases, vehicle costs hit a record low in June. Due to an overstock issue that is rattling the US auto market, used autos recorded the worst monthly drop since the economic boom, and the value of new cars is poised to fall. Still, higher interest rates are making monthly car payments far more expensive than they were just a year ago, and many Americans who bought a vehicle in the past couple of years are now seeing the value of their loan plummet along with the value of their vehicle, signalling an impending wave of financial turmoil.

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