Used car DEMAND AND PRICES FALL from historic highs. 🚗 #shorts
Last month, wholesale prices for used cars hit their lowest level in more than a year. This is because retail sales are falling because interest rates are going up, there are more new cars on the market, and people are worried about a recession.
The Manheim Used Vehicle Value Index, which tracks the prices of used cars sold at wholesale auctions in the United States, has dropped by about 16% since January, when it hit a record high.
The drop is good news for people who want to buy a car, but it's not so good for companies like Carvana that bought cars at record highs and are now trying to sell them for a profit.
SOME OTHER VIDEOS YOU MIGHT LIKE:
FLYING CARS taking off soon?: https://youtube.com/shorts/4XKB459D828
Princess Diana's Ford Escort Sells for $850K: https://youtube.com/shorts/5IOzxAuRuN0
From Struggling Actor to Hollywood's LAST Movie Star: https://youtube.com/shorts/KQePX_NovCU
------------------------------------------------------------------------------------------------------------------------
💰 Fast and flexible financing options for entrepreneurs and small businesses: https://nextgencapital.us/
🏦 Frustrated with traditional banks? Discover equity-based lending: https://bit.ly/36SjTCH
😇 Get Crowdfunding for your Startup & Raise $50K to $5M from superfans & angel investors: https://bit.ly/34jWOai
👕 Shop NextGen Merchandise: https://bit.ly/3Hvzrw5
💎 Play Games, Create NFTs, & Earn Real Money in the Open Metaverse: https://bit.ly/3KG2ijq
📈 Claim your FREE Stock like Apple (AAPL) or Microsoft (MSFT): https://bit.ly/34jdwHR
📲 Connect with us on Social Media:
TikTok: https://www.tiktok.com/@nextgencapital.tv
Instagram: https://www.instagram.com/nextgencapital_us/
Facebook: https://www.facebook.com/nextgencapital.info
Twitter: https://twitter.com/NextGen_Capital
🙏 Show your support for the channel through donations:
(BTC): 335m4LbHe7WC7TFeVWga8uxLqKSuJabeyL
(ETH): 0xeaf989e4ccfcffdcd18fd35741402e8275f5c16a
(DOGE): D895PGi2mNB8XMfSFBpwKFjDm4AEb9pGLt
PayPal: https://www.paypal.com/donate/?hosted_button_id=WTAKFV9YPAZT2
Venmo: https://www.venmo.com/u/prezpass
CashApp: https://cash.app/$prezpass
🎬 Video produced by Prezpass Media: https://prezpassmedia.com/
Prezpass Media YouTube Channel: @prezpassmedia
------------------------------------------------------------------------------------------------------------------------
#usedcars #newcars #autos
Disclaimer:
NextGen Capital TV is for entertainment purposes only.
Pursuant to 17 U.S. Code § 107, certain uses of copyrighted material "for purposes such as criticism, comment, news reporting, teaching (including multiple copies for classroom use), scholarship, or research, is not an infringement of copyright."
All content should NOT be construed as financial advice. All viewers are encouraged to do their own research.
This description contains affiliate links, which means that if you click on one of the product or service links, we may receive a small commission, which helps support the channel.
-
58:07
The Why Files
1 day agoProject 8200 Exposed | CIA Psychics Find Alien Bases Underground
50.6K54 -
24:04
Stephen Gardner
8 hours ago🔴BREAKING: CNN Jake Tapper gets HORRIBLE NEWS | Trump SECRET PLAN outted!
48.8K131 -
1:35:18
Kim Iversen
10 hours agoAssange Is On US Soil, Is He Finally A Free Man? Kenyans Violently Protest After Being Declared “Major Non-NATO Ally”
75.5K110 -
1:16:27
Glenn Greenwald
12 hours agoMyths and Lies About Julian Assange Endure After Plea Deal Reached Securing His Freedom | SYSTEM UPDATE #289
108K183 -
2:26:55
Laura Loomer
10 hours agoEP54: Islamic Jihadists Threaten to Shut Down First Presidential Debate!
63.2K53 -
58:16
Edge of Wonder
15 hours agoHow a Philadelphia Experiment Whistleblower Mysteriously Vanished Forever
68K19 -
2:10
One Bite Pizza Reviews
1 day agoBarstool Pizza Review - The Slice Spot (West Chicago, IL)
72.5K32 -
2:03:40
Revenge of the Cis
15 hours agoEpisode 1343: Fatty Positivity
102K38 -
15:51
VIVA TV
18 hours agoJake Paul Is About To Get Bare Knuckled | Barstool Boxing | Large
90.9K15 -
2:09:32
RamseySolutions
21 hours agoThe Ramsey Show (June 25, 2024)
70.8K5