re: The coming automobile market collapse and what it means

quote:

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These cars are starting to get repossessed and with used car prices down 22% from their 2021 high, banks are starting to take some massive losses. And with more and more cars getting repossessed due to high inflation and rising gas prices, they are expected to drop another 20% over the next year (Side note and not the point of the thread - if you are thinking about buying a used car - wait until 2023)

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Good. My son turns 16 next year. Looking forward to midsize trucks coming back down into the teens, where they belong.