Car-mageddon?? Auto Insider Predicts Car Prices To Fall This Year | Lucky Lopez
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Car prices went bananas after COVID hit -- propelled by inventory shortages from disrupted supply chains & the unprecedented stimulus sent to businesses & households.
Now here in 2023, the boom may be ending. Used car prices which nearly doubled post-COVID, have fallen for much of this year -- though still remain much higher than their pre-pandemic lows.
Also, lax lending standards in extending auto loans during the recent boom are coming back to bite lenders -- the percentage of loans that are at least 60 days delinquent hit 1.65% in the third quarter, the highest rate for 60-day delinquencies in more than a decade.
Where is the auto market headed from here?
Will patient buyers be rewarded with better values in 2023?
To find out, we're fortunate to welcome Lucky Lopez to the program, an automotive industry YouTuber who's boots-on-the-ground reporting has recently cast him into the mainstream media's spotlight.
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There’s no doubt that it's a very challenging time right now for the average investor. Above and beyond the recent economic impacts of COVID, the new era of record low interest rates, runaway US debt and US deficits, and trillions of dollars in monetary and fiscal stimulus stimulus has changed the rules of investing by dangerously distorting the Dow index, the S&P 500, and nearly all other asset prices. Can prices keep rising, or is there a painful reckoning ahead?
Let us help you prepare your portfolio just in case the future brings one or more of the following: inflation, deflation, a bull market, a bear market, a market correction, a stock market crash, a real estate bubble, a real estate crash, an economic boom, a recession, a depression, or another global financial crisis.
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IMPORTANT NOTE: The information and opinions offered in this video by Wealthion or its interview guests are for educational purposes ONLY and should NOT be construed as personal financial advice. We strongly recommend that any potential decisions and actions you may take in your investment portfolio be conducted under the guidance and supervision of a quality professional financial advisor in good standing with the securities industry. When it comes to investing, past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All investments involve risk and may result in partial or total loss.