Economy / FinanceRomeo Full Staff

Epic Economist: The Car Market Collapse Nobody Thinks Possible is Already Upon us


Epic Economist Mar 15, 2023 The U.S. car market is collapsing before our very eyes, and used car prices just faced the biggest month-over-month drop on record as supplies went up while demand vanished. Auto sales are plunging so deep that some famous carmakers are already slashing prices by over $10,000! Meanwhile, lenders are in panic as millions of buyers see themselves underwater on their auto loans. The situation is chaotic and the outlook is alarming. The average used car price in America currently costs $29,533, down from the record high of $31,095 reached in April 2022, but still 45%…

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Jared Rand and Gene Decode Excerpts from Earth Alliance and Patriot News for March 16, 2023

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