🌟 [ 26 ]   The Car Market is SCREWED... Everyone is BROKE! [ @Untamed Motors ]

The New and Used vehicle market is in shambles . and the turning point is now. Manufacturers and their dealerships NEED to take drastic measures in order to keep things together. The vehicle market has crashed, it s from this point forward, we see the aftermath. Dealers need to slash prices in order to clear their growing inventories. People just can t pay current prices, they re far too high. Between the inflated cost of living, insane insurance premiums, and greedy dealership behaviors, people have left the market. People are holding onto their old cars and trucks much longer, no sense in throwing so much money down the drain. In this video, I provide some new details, facts and stats that are quite alarming. Stick around until the end for the heavy hitting points. Thanks for watching as always! Topics of discussion include: - Ripple effects of New and Used vehicle Market begins now! - Dealers are having to slash new vehicle prices… great deals and rates - For the last year dealers have held firmly to their used vehicles because they overpaid for them on Trade In - Even auction deals aren’t going through… they set the reserves too high and they’re just sitting at auction yards - Used dealers aren’t willing to pay absurd amounts for them… - Interest rates are high across the board… - New: 7-10% still the norm - Used: 8-12% norm - Fed is announcing rates will likely stay the same through 2026… - Wholesale numbers are coming down quick - Impacting trade in values… - Tax season buyers have come and gone at this point. - People are going broke… people are just struggling right now, more than normal. - Inflation has increased new vehicle prices by 36% since 2019… the cost of living has gone up tremendously overall since then too. - Zillow: average $106,500 to live comfortably in a typical house in the US… up from $59K in 2020. - Average household income now is $81200… up from $66K in 2020. - 80% increase needed to live comfortably ye .

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🌈 🔎 TheCarMarketisSCREWEDEveryoneisBROKE 🌈