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This video suggests a great many US used car dealers are going to go under soon. https://youtu.be/rGWZSEPGt1E https://youtu.be/rGWZSEPGt1E Higher interest rat
by olivermarks 4y ago
This video suggests a great many US used car dealers are going to go under soon.
https://youtu.be/rGWZSEPGt1E https://youtu.be/rGWZSEPGt1E
Higher interest rates for dealers and buyers, decreasing price market adjustments coupled with increasing interest rates on held inventory which aren't selling.
American Car Center went bust last week.
https://www.bloomberg.com/news/articles/2023-02-25/subprime-auto-lender-american-car-center-closes-for-business https://www.bloomberg.com/news/articles/2023-02-25/subprime-...
It will be harder to sell EV startup products in a down economy especially if lavish public fund (ie your tax money) subsidizations of purchase are removed.