The Car Market is SCREWED... Everyone is SHOCKED!

[@AB-fq4mr]

Its not gonna go down because of all the fraud. I bought a house and wanted to haggle down the builder. Gave up on that quickly when I saw lambos and ferraris being parked next to the house I wanted to build. Most of us got tiny stimulus checks while these big shots got millions in PPP loans and fake equity. It's depressing.

[@KippinCollars]

Civics in California are over $20K with 30K miles on them. A Civic! They're good cars, but good God!

[@MX-CO]

I never understand why people buy new cars in California, take a weekend trip and a cheap flight and drive it home from another state and save thousands of dollers.

[@KevinVanGelder]

New cars are insanely priced and as a result there's a huge glut of inventory sitting unsold on dealership lots.

[@Samrod9000]

Accurate take and theoretically what should happen. Too bad we’ve been living in a synthetic market since before even Burry discovered it circa 2007.

[@red5standingby419]

Not just the used market. What about the new car market. The big automakers hiked their MSRP's by 25-50% in just the last 3 years alone. This is why we're looking at sticker prices for cars starting in the 40's and 50's that just a few years ago started at like 25. Or pickup's that used to cost 35-40 now are 60-70. The car market is ridiculous across the board.

[@johnfaris5376]

I’m in the used car market in Vegas, here for 24 years and I’ve never seen consumers so broke. Prices on vehicles under 10,000 are down by about a third since 22. There is no reason to believe used car prices will recover anytime soon, unless there is major government stimulus again.

[@GiftedDee]

Lmfao 😅 not broke it’s smart ! Long we wait better the price we going to get

[@jagpilotohio]

Recover? They are just adjusting back to where they should be. They will absolutely continue to drop.

[@jeffreycheng5984]

"The Federal Reserve System is not Federal; it has no reserves, and is not even a system at all. But rather an international criminal syndicate."- Eustace Mullins.

[@albutterfield5965]

Both the fed and the IRS are a crime against the American people.

[@danddietz]

Prices might come down out of a bubble, but they aren’t going back to what we had a few years ago. Inflation is still very high and unless we enter a deflationary period (not likely) prices will remain high.

[@CharlieBam]

Yeah too much currency got flushed into the system, and they'll drop rates and stimulate before they let another real recession happen. People know for a fact they will stimulate if it gets rough. Heck the federal gov never stopped stimulating since 2020. We're still running 3 trillion+ deficits. Imo the only thing that can truly cause a debt crisis and pop the bubble is a geopolitical black swan. War, another pandemic, etc

[@artfquinn]

Inflation is 100% compared to 3 years ago. That is about 33% a year. Unless we drop in the price, the bubble is not burst. I hope we can see 25% price drop when a recession hits. Then at least the price is moderated a little bit, not just stay flat but stay high.

[@dmo848]

Well then they go out of business. No one is buying 50k cars. At least no poor folks

[@danddietz]

@@dmo848 Ask anyone that lived through the inflation of the 70’s if the prices reversed in the 80’s. They did not. Inflation was controlled, but the prices remained high. You think used car dealers are going to go out of business if prices remain high?

[@bryceparks9305]

I enjoy the videos... but I HATE the click-bait titles. Don't use them - it undermines your validity.

[@bpb5541]

I'm not shocked. I have been building my short postition for over a year now. This is not only going to happen to the car market. It is called the everything bubble for a reason.

[@ps2cho]

the market can be irrational longer than you can be liquid. dumb choice.

[@rjobrien7805]

What's the next oil price shock and gas prices back above $5/gal going to do to the car market?

[@jagpilotohio]

Buy a used EV for next to nothing. They are plummeting worse than ICE.

[@OmarGreeneotraPedroVerde]

I own an 11-year-old Civic with about 70K on the Odo. My insurance has increased 105% over the last 4 years. Why? My insurer - Progressive, whom I've had for years and I have all available discounts - tells me that my Civic is now worth over $10K! I paid $13K for it new. I have no plans to sell it as the new ones have too much "Big Brother" tech and are priced in the ceiling. Next year my old Civic will be worth $15K!

[@dmo848]

I'm not paying 50k for a mid size truck. Jus not happening. 39k sounds better and to me it should be even less. Seen a Tacoma for 47k😂 with 7 percent. That's over 1k a month payments. Gtfoh

[@albutterfield5965]

Greed is the cause of the auto market crisis. car payments of 84 months at $700.00+ per month is insane, banks loaning the full MSRP plus the bogus dealer mark ups sank the auto loan business

[@richdiana3663]

The car market is shocked. Everyone is screwed.

[@chrisl1873]

The G-class is a bad example. The model was slated to be cancelled which led to panic buying within the new and used car market for this model. This tapered when Mercedes withdrew the cancellation

[@raytaylor3077]

the New York skyline was so much better before the WTC got blown up for the insurance money etc.

[@josephweiss2271]

Lucky Lopez is tracking the distortions currently occurring in the car market from an independent car dealership perspective and what's going on behind the scenes that supports the concerns/conclusions of this video.

[@Ravennevarr]

Even trash car yards (where cars go to get dismantled) Sometimes save certain models still driveable clean title and the want to sell them like they are good used condition SMH

[@charlesbrightman4237]

US FED: Economic Inflation: Lessons learned: The US Fed has a goal, I repeat 'goal', of 2% annual inflation. And this is on top of all the 2%'s that came before it, which turns out to be an exponential amount of inflation over time. (Compounded Economic Inflation). Most people do not have wages, benefits and investments that keep up with the true cost of inflation, which causes many social and economic problems in this nation and in this world. Zero income is sill zero income and zero pay raises are still zero pay raises. This is also a NATIONAL SECURITY item as many nations in the world stop utilizing America's currency as a reserve currency due to in part America's currency being weaker in this world. America has less influence in this world, which allows other nations in this world to take the lead. As a nation becomes greater, it's currency should be able to buy more, not less. Higher inflation: * Obviously higher prices. * Also at times lower quantity. * Also at times lower quality. (And if not lower quantity and/or lower quality, then that much more higher prices). Many rich people and large corporations have taken America's wealth and hid it in out of country bank accounts and/or invested that wealth in other nations for various reasons. This has the net effect of basically stealing America's wealth from America. Now also, rich people and certain businesses operate on huge debt, and even the US Government operates on huge debt. These entities love higher inflation because it helps to wipe out their debt, as they pay back their debt with currency that is worth less (worthless). Additionally, things like saving's account's get next to nothing for 'normal' people trying to save money for future expenses. Those that are operating on debt get rewarded and those trying to be more financially responsible are getting punished. America's currency system is broken and needs to be fixed. In part, a law needs to be passed that the US Fed has to have a 'goal' of 0% (zero percent) inflation. Sure, this is going to piss off those who game the financial system, but it would help with curing some of societies' issues as well as strengthening US currency thereby strengthening America's position in this world as more nations would want to utilize the US Dollar as a reserve currency. Inflation is still going to occur due to various reasons, but we don't have to automatically have a goal of increasing inflation. Another idea might be to give the US Fed just 1 single job: Control Inflation, (and take away their other job of trying to have full employment). Let the markets control full employment. And for any entity that thinks economic inflation is a 'good' thing, then you must also be okay with many of life's social and economic issues as well as a nation becoming weaker in this world as it's currency eventually loses value in this world. You must be okay with poor people suffering and dying due to higher economic inflation. In part, at least some of this world's suffering and death is on you. You caused this with your higher economic inflation goals. (A man made problem and can have a man made fix with 1 simple change. Change the US Fed's economic inflation goal from 2% to 0% which would help ease suffering and death in this world.) And if you still say that 2% inflation would be fine, then surely you would not have a problem with making a Federal law that says that all businesses all across America are mandated to increase their employee's salaries by at least 2% every year, (the 2% just keeping up with inflation, any above 2% due to the increased value of that employee). Otherwise, it's a system set up by the rich to transfer wealth from the middle class and poor to the rich. And if the middle class and poor do not stand up for their own interests against the rich, who will?

[@foodhoarder9434]

Why not just gold standard or peg to commodity basket? Seems more straightforward than the govt trying to browbeat the Fed into 0%.

[@charlesbrightman4237]

@@foodhoarder9434 Well, the way I see it is that regardless of the currency utilized, (gold, silver, fiat, crypto, etc), economic inflation is still economic inflation. ANY economic inflation over previous economic inflation, over time, becomes an exponential amount of economic inflation. "IF" people's wages, benefits and/or investments do not keep up with the true cost of inflation then they become poorer over time as far as buying power of the currency that they have is concerned. They would have to work longer hours and/or more jobs just to keep up with their previous lifestyle. And this does not even include any new technologies or other items that they might desire that they did not have beforehand. The US economy is destined to fail due to higher economic inflation upon previous economic inflation, (compounded economic inflation). Especially with the Fed's 2% annual economic inflation goal which is 2% on top of all the 2%'s that came before it and most people not receiving at least 2% annual increases in their pay, benefits and investments. Math is still math. Or so how I currently see reality here in the USA and upon this Earth.

[@foodhoarder9434]

​@@charlesbrightman4237The only way to inflate precious metals is to physically mine more. BTC has a hard capped supply. I do not understand the need for fiat with a 0% inflation rate. It seems like nothing but a lever for dishonesty.

[@foodhoarder9434]

​@@charlesbrightman4237The only way to inflate precious metals is to physically mine more. BTC has a hard capped supply and cannot be inflated past fixed mining outflows. I do not understand the need for fiat with a 0% inflation rate. It merely mimics the properties already found in scarce commodities.

[@red5standingby419]

TL:DR

[@elireloaded]

I for one am shocked 😱

[@williammorris3334]

It’s very simple. New cars are crazy high priced and made like crap. People are living on credit cards and defaulting on loans at a shocking rate. People can only afford to keep the car they have running and paying car loans off if they can, instead of flipping them onto newer cars

[@joegodfrey8044]

With how expensive used cars are makes zero sense to buy when you can still get a new Sentra or trax around 20k.

[@pricepolice834]

Saw two used Aston martins sell for asking price this weekend. Car prices won’t budge as long as demand is fine. Demand is fine my friends

[@SKCCP]

Cars are still better than tulips!!!

[@NAC_Exec]

Any rate hikes that are put on big business is just going to be pushed down to us little guys. I feel a change in economics should come in play. Have the gov price cap certain things (food and other essentials) but raise rates on very expensive borrowing.

[@donfaller7339]

How about people making more of the profit these companies we work for are raking in.

[@spacecoyote6646]

The car market is coming back to normal. And it has a good bit more to fall

[@jackmehoff4613]

The ridiculously high cost of new cars, due exclusively to gubmint safety and fuel efficiency mandates, will guarantee the used car market stays strong. It may fluctuate here and there due to pandemics, and other gubmint atrocities, but it will remain strong.

[@Spawncito2012]

Yo fortget to take into account that after 2020 a ton of money was printed.

[@DavidHeftyFTAero]

Man Hime, not Manna Hime!

[@jackmehoff4613]

I know. I chuckled at that one too.

[@R0CKtheR3D]

Actually, nobody is shocked because we've been seeing videos with this same exact title or something similar for the past 2 years. When's it gonna actually be real?

[@justing6594]

It's not. Banks are financing for longer terms.

[@R0CKtheR3D]

@@justing6594banks are also cutting back lending by a lot to be fair

[@lennypaccione8047]

No one is shocked. They will come down when people stop spending money.

[@xubious]

In Michigan I see new cars sitting around random lots and grass fields all the time lol I'll give you $20k for that car you have marked at $45k take it or leave it

[@06Trdrew11]

My bank offers a 4.5% for used car financing for 2021 and newer. I just locked in a loan and about to do a second.

[@jamesh1641]

And what bank is doing that? Would love to look.

[@red5standingby419]

Who cares. You still paid 35% more for the car than you should have.

[@CneeKrunch]

Why did you show Boomer Peter Schiff who started shilling gold? What did that have to do at all with used car prices?!?

[@Triangletox]

Interesting content. So you predict the used car market, and indeed the new car market, is headed for a substaintial correction. Yet the housing market, you predicted in the video before this, will continue to explode in price due to inflation. Why do you believe these 2 assets are disconnected enough to see one as increasing in price while the other will have a downward correction in price?

[@missinglinq]

Because fundamentally, a home is an asset. A vehicle is a liability.

[@Triangletox]

@@missinglinq Yes, in an accounting sense that is sensible. Do 99% of Americans have accounting degrees? I think the question hinges on what the aggregate of persons in the US ECONOMY will do and how that will affect car and housing prices regardless of its nomenclature or status on the accounting sheet. In my estimation the real driving factor will be layoffs moving forward. The fed rates have little impact on a family when one or both breadwinners have been played off or furloughed. Cars may be first taken but housing should follow. Thank you for your response. It does makes sense to those of us who think in the way you do. Unfortunately the bulk of the population thinks differently

[@MrSupernova111]

When unemployment hits all assets will depreciate. The government can't keep printing money into infinity. Give it time.

[@Triangletox]

@@MrSupernova111 Interesting macro view. I tend to agree with you. But I also like to hear the other side…. Just to keep me honest you understand. But I see your point and agree.

[@mikeboate208]

one can only afford one of them now , buy a van , sleep inside .

[@tehpanda64]

as someone who purchased a honda civic in 2022... at least it was brand new.

[@righteousone1]

Used car prices will go up when interest rates start going back up.

[@jamesh1641]

You mean when interest rates go down. Prices have an inverted relationship.

[@righteousone1]

@@jamesh1641 When interest rates go back up, new cars will become more expensive to finance, thus creating a greater demand for the cheaper used car market.

[@red5standingby419]

@@righteousone1 Except used cars are no longer a cheaper option. Haven't been for some time. When I can buy a brand new version of that 3 year old car that is only 5K more it doesn't make sense to buy the used version.

[@jamesh1641]

@@righteousone1that is incorrect. Interest rates have an inverse relationship to prices. In a macro-environment prices fall when interest rates rise. Prices rise in low rate environments. Used car rates have nothing to do with car pricing.

[@righteousone1]

@@red5standingby419 They're still cheaper.

[@damaddog8065]

Are you for real, WHAT IT MEANS WHEN USED CAR VALUES CLIMB IS WHAT IS AVAILIBLE FOR NEW CARS IS NOT ACCEPTABLE. I hope my car does not get wrecked, because I would not consider a new car today, to much union and government crap on them.

[@sleddy01]

this channel feeds off of doom and gloom that never actually matches reality

[@lotsofthisandthat9791]

Joe Biden need make rule for $1000 rebate cheque for buy Big Three car keep worker working and American need to go to work

[@charlesbrightman4237]

ECONOMIC INFLATION: The way I see it is that regardless of the currency utilized (gold, silver, fiat, crypto, etc), economic inflation is still economic inflation. ANY economic inflation over previous economic inflation, overtime, eventually becomes exponential economic inflation. If an entities' wages, benefits and investments do not keep up with the true cost of inflation, then the entity falls behind in buying power and becomes poorer. A nation will eventually fail as will a global economy will eventually fail with ever increasing economic inflation because most people do not have wages, benefits and investments that keep up with the true cost of inflation. And this includes businesses as well. They also get zapped with ever increasing economic inflation. Math is still math and compounded economic inflation is still compounded economic inflation. You want to help the nation and the world? Change the US Fed's economic inflation goal of 2% every year to 0% every year. Also, can possibly take away the US Fed's dual mandate of price stability and maximum employment to just having them take care of price stability. Let the markets take care of employment. Does anybody think the US Fed can take care of even that single issue all by itself? Price stability or bust? And as a nation gets greater, shouldn't it's currency be able to buy more, not less? And as people bought more, more would have to be produced, which would possibly mean more jobs, which could provide more income, which could buy more things, which would possibly mean more jobs, ............ Additionally: Space travel, the ONLY thing that will save any species on and from this Earth to continue to exist beyond this Earth (all species who are 'left behind' on this Earth will eventually die and go extinct), has gotten more expensive just in my lifetime. What is space travel going to cost in the next 100, 1000, 1 million years from now? Economic inflation just might be a contributing factor to all life on and from this Earth dying and going extinct. And we did it to ourselves, or more correctly the US Fed did it to us, including themselves. And they are supposed to be the 'smart' ones. There is more to life than money alone. First one has to have conscious existence for that money to have meaning and purpose to. LIFE ITSELF, LOVE AND MONEY There is something greater than Love and that is life itself. For without life itself, there can be no Love. There is something greater than Money and that is life itself. For without life itself, Money loses all meaning and purpose.

[@Snufkin224]

Unionized jobs usually have inflation adjusted salaries.

[@charlesbrightman4237]

@@Snufkin224 Those with good unions. Consider also this item from my files: 'NEO' NATIONAL EMPLOYEES ORGANIZATION: HELPING EVERYDAY WORKERS: * Create a national non-profit organization that looks out for the interests of the American workers. Could even call it the 'NEO', National Employee's Organization. * Model it after the AARP that looks out for the interests of older people. * Anybody would be allowed to join and/or support the organization and those that didn't want to wouldn't have to. It would not be a union but a non-profit organization. * I can foresee the 'NEO' eventually putting forward political candidates and supporting judges who are sympathetic to their cause. Given enough support, I can even foresee the Constitution of the United States being amended in a clear fashion that even Supreme Court Justices could only interpret one way. * It's 'We The People' that truly make America great and it's the 'American worker' who actually built America to be what it is. * Spread this idea far and wide, anybody who reads this has my permission to do so. Let's all do this to support the 'American Worker'. Rise up and let's make it happen 'We The People', for a better America and a better world.