🚗Car dealerships are overleveraged with high-priced cars.
🔒Banks are bundling auto loan portfolios and selling them off, leading to unreported delinquencies.
💰Used car prices are not going down due to corporate greed.
⚠️The car market is heading for a breaking point.
Why are car dealerships not lowering their prices?
—Car dealerships are overleveraged with high-priced cars and are unwilling to take on losses.
Why are there so many repos in the market?
—Banks are bundling auto loan portfolios and selling them off, leading to unreported delinquencies.
Why aren't used car prices going down?
—Used car prices are not going down due to corporate greed and the unwillingness of dealerships to lower their prices.
Is the car market sustainable in its current state?
—The car market is heading for a breaking point, with dealerships and banks facing increasing challenges.
00:00Car dealerships are overleveraged with high-priced cars, causing a rise in repos.
04:00Banks are bundling auto loan portfolios and selling them off, leading to unreported delinquencies.
08:00Used car prices are not going down due to corporate greed.
09:00The car market is heading for a breaking point, with dealerships and banks facing increasing challenges.
