Considering how bad things are when it comes to car loans, I thought it would be the perfect time to pull this episode out of mothballs to see how close we were with our forecast of what was on the way...

spoiler alert...the bubble has busted.  



From 2022....


Concerning numbers have been coming in about the automotive loan bubble and how it was in jeopardy of popping for months and now that the numbers are starting to become clear, it's obvious that we are headed for a big time problem. With borrowers being leveraged by inflation, gas prices and basic day to day costs running hot with inflation, a lot of those borrowers who had discretionary cash during the pandemic, are now finding themselves in a position that leaves them no other choice but to default on their car notes. As the fears of recession slowly become reality, we are looking at a serious, serious issue just over the horizon.

to contact me:

bobbycapucci@protonmail.com



source:

https://www.msn.com/en-us/autos/news/car-repossessions-on-the-rise-as-average-price-hits-47-000/ar-AAZsL44?ocid=msedgntp&cvid=869f0de5924d44df9fa2fb44372e9108

Broadcast on:

30 May 2024