The greatest car market crash we've ever seen has started. The new and used vehicle market will crash in 2024, I explain how and when in this video.

The driving factors at play include:
- Negative Equity Highest Ever! $6K.
- REPO Rates are HIGHEST EVER! People can’t afford their OVERPRICED Cars.
- Repos Up 21%…
- Tow truck companies are backed up…
- Number of people with car payments over $1000 up 18%…
- Auto insurance rates are out of control… (average annual cost was $847 in 2007… ($60 month)… now $2542 per year
- Cost of living is the highest we’ve seen… prices have inflated faster than we’ve ever seen. 36% MSRP hike since 2019…
- Job salaries haven’t risen at an equal rate…
- Inventory averages… 78 days, going up.
- Interest rates are awful
- Emissions standards are forcing unwanted vehicles into the market… EVs
- WAIT 60-90 days to buy a vehicle… retail is always behind wholesale prices.
- The decline will continue through 2024… no sign of letting up.
- PS: remember the dealers who took advantage of customers during COVID and pay them no business now that deals are good.

Let me know your thoughts on the current car market. Do you think things will get better or worse in 2024? Thanks for watching as always. Please consider Liking and Subscribing if you haven't already. Thank you for the support!

-Stay Untamed...

#carmarket #vehiclemarket #marketcrash

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