The car market is experiencing a whirlwind of changes, from a crash in prices to an unprecedented depreciation affecting both new and used vehicles. Auto loans and car debt have become increasingly concerning topics as the market grapples with a crisis of epic proportions.

In recent times, the once-stable car market has faced a dramatic downfall, witnessing a significant drop in prices. Used car prices have taken a steep plunge, creating a ripple effect that is shaking the industry to its core. With the used car bubble bursting, the market is in uncharted territory, leaving many wondering about the future.

This video delves into the complexities of the car market crisis, exploring the reasons behind the rapid decline in prices and the impact on consumers. Questions about affordability, underwater auto loans, and the overall state of the auto market will be addressed, shedding light on the challenges ahead.

Are new car prices expected to follow suit and drop in 2024? How far will used car prices continue to fall? What does the future hold for the auto industry amidst this market collapse?


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