As we’re approaching the Great Reset and an economic depression which might even be worse than the Great Depression, something extraordinary is going on with new vehicle prices. We’re also seeing repossessions increase and the wholesale auction prices dropping while big bank repossessions are also on the upswing with premiums paid to repo men. And with higher interest rates banks are tightening their requirements.
And for the longest time dealers were getting premium prices for new and used vehicles because of chip shortages and supply chain issues around COVID, but now we’re seeing prices getting cut to move inventory that is building up. If you can pay cash you’ll be able to get some really good deals if you wait.
A good recap on the financial crisis hitting the car market and auctions seeing repossessions on the rise.
And here’s a good warning to stay away from some of these over-complicated and under-engineered vehicles.