Used car market on the brink of a collapse

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Interesting thread for anybody interested

https://twitter.com/grahamstephan/status/1542860348742836225?s=21&t=YIw-Kxnj-TVv1Nzh7W_erg

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Maybe for basic cars
But speciality/rare cars everyone thinks they got a damn unicorn

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I realize your headline is just repeating the lede, but holy hyperbole.

A 5.5% severe delinquency rate is the muck that Santander cools off in.

Don’t get me wrong, I’m here for a correction. The dumb money is just starting to learn how dumb it was.

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Don’t forget Cali about to get stimulated again :money_mouth_face:

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wtf is wrong with the state

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Budget surplus.

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$250 :call_me_hand:t2::call_me_hand:t2:

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Hopefully he is right and I can finally buy my son a car, prices were still stupid last month for clapped out s*it boxes(and way over retail for things that weren’t clapped out)

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Used cars are still so supply constrained and are likely to continue to be for years that used market isn’t really anywhere near any major correction. It’ll certainly cool off a tad but brink of collapse is utterly absurd.

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Just enough to fill the tank and take my girl out for taco stand burritos.

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Also, invoking 2008 housing crash is market fear mongering 101. There’s way more evidence that the used car market is nothing like the 2008 housing crash than the other way around.

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Easier to say what isn’t. :sweat_smile:

Shame because geographically it’s a national treasure. :frowning:

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Can’t wait to spend my $750 bucks on 3 tanks of gas for the TRX!

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Filled up the expedition today took $128 at Costco 21 gallons :sweat_smile:

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Filled up the TESLA yesterday… it cost me exactly $0 :joy: at the local L2 charger

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Oh wow, another hyperbolic Twitter “influencer” making clickbait prognostications riddled with logical holes to get attention for a pathetic newsletter.

The real reason why “more people aren’t talking about this”? Because this comparison to the ‘08 mortgage crisis is preposterous… :laughing:

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Before social media, this nobody was just a crazy man screaming on a street corner. But he went and got a headshot and a Twitter account and now we should heed him!

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It’s mildly hyperbolic but will happen IMO. Fundamentally comparable where you have subprime loans on vastly overvalued products which are going to abruptly contract.

I agree with him.

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Years ? No way, I will take opposite side of that bet.

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