The Car Market Collapse Has Begun

The car market just lost half a million sales in one month. Tricolor, a lender with 65 dealerships filed for bankruptcy. Bosch is cutting 13,000 jobs. Delinquencies hit a 15-year high.
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But here’s the thing: the real crisis isn’t the sales numbers.
Because what’s actually happening is millions of Americans are trapped. The average car costs $46,000 with $750 monthly payments at 9% interest. People owe $60,000 on cars worth $30,000. They can’t sell. They can’t refinance. And one dealership even told a 20-year-old to commit insurance fraud on camera just to move inventory.
Let me show you the real stories about this car market collapse.
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The auto industry is flashing major warning signs. Sales are down, delinquencies are at decade highs. Ford is offering lower rates to subprime borrowers just to move F-150s. Honda scrapped an electric Acura after one year. The desperation is palpable. The parallel with housing is stunning: both markets are frozen, both have affordability crises, both have people trapped in negative equity. If you’re thinking about buying a car right now, buy a used Toyota or Honda with cash. The people sitting on the sidelines with cash will win when this car market collapses.

Source: https://www.youtube.com/watch?v=xHLvtHRV48A