Used Car Market is Crashing Faster than 2009
The used car bubble is popping faster than it did in 2009. We look at the value of used vehicles. We can see that on average, for decades it climbed at a very steady pace.
There was a big collapse and then a big recovery in 2008 to 2009. Since 2020, obviously there was a giant spike in the price of used vehicles and it looks like that has now turned around.
Because of this. Americans are not paying their car payments. We are seeing repossessions at a record high.
Timecodes
0:00 Video Introduction
0:39 Forces at Play
2:09 New Car Supply Chain Issues
4:07 Rise in Auto Loan Delinquencies
My Courses:
How to Buy Gold Without Getting Scammed https://heresyfinancial.teachable.com/p/how-to-buy-gold
How to Bulletproof Your Portfolio (40% Off): https://heresyfinancial.teachable.com/p/bulletproof-your-portfolio?coupon_code=40OFF&product_id=4166105
How to Make Fortunes in Bear Markets ($99 Off) https://heresyfinancial.teachable.com/p/bear-market-investing-guide?coupon_code=99OFF2023&product_id=4324901
My Free Weekly Newsletter https://heresyfinancial.curated.co
My Recommended Affiliate Partners:
Monetary Metals https://monetary-metals.com/heresy-financial/
Vaulted https://vaulted.blbvux.net/2rXX47
OneGold (Code Heresy1x) https://bit.ly/3mS6dNo
iTrustCapital (Get $100 of BTC) https://itrust.capital/heresy
Swan Bitcoin (Get $10 of BTC) http://bit.ly/swnhrsy
Ledger http://bit.ly/ldgrwlt
TradingView http://bit.ly/tvchrts
M1 Finance https://m1finance.8bxp97.net/QOKA3P
GroundFloor https://groundfloor-finance.sjv.io/mgRRvy
Fundrise https://fundrise.sjv.io/Ygg2NO
All my socials are @HeresyFinancial
Twitter: https://www.twitter.com/heresyfinancial
Insta: https://www.instagram.com/heresyfinancial
TikTok: https://www.tiktok.com/@heresyfinancial
Reddit: https://www.reddit.com/user/heresyfinancial/
Rumble: https://rumble.com/c/HeresyFinancial
I am not a CPA, attorney, or licensed financial advisor and the information in these videos shall not be construed as tax, legal, or financial advice from a qualified perspective. Linked items may create a financial benefit for Heresy Financial.
#UsedCarBubble #2009Repeat #SupplyChain
-
9:25
The Economic Ninja
1 year agoUsed Car Prices Plummet At Fastest Pace
6942 -
8:52
Bull Boom - Bear Bust
1 year agoCAR SALES CRASHED AND 2023 WILL SEE PRICES FALLING BIG-TIME
7 -
9:10
ThisisJohnWilliams
2 years agoUsed Car Market Bubble Popped !!!
74 -
15:38
Nobody Special Finance
1 year ago $0.01 earnedConsumer Credit Slows to a Crawl as Used Car Prices Crash
103 -
9:32
LiveCellChannel
1 year agoBiggest Car market CRASH of our generation! Prices set to plummet almost 90% !!
18 -
12:52
Bull Boom - Bear Bust
7 months ago $0.29 earnedBUYERS OF THESE 10 CARS ARE FURIOUS, BIG PRICE DECLINES AS ECONOMIC DOWNTURN INTENSIFIES
134 -
15:07
tksgarage
2 years agoThe Car Market Is Crashing. Wholesale Prices Falling Fast! Record Pace.
-
8:02
The Economic Ninja
1 year agoUsed Car Sales Plummet ( Insider Told Me This About A Car Auction )
1531 -
10:30
The Economic Ninja
1 year agoAuto Loan Crash Will Be Huge
92 -
11:59
EconWorld
1 year agoThe Car Market CRASH is Having DEVASTATING IMPACTS