Tag Archive for: auto industry

Car Shortages to Surpluses Overnight; Things Change VERY QUICKLY

I saw this tweet over the weekend: “The auto industry collapse has just begun and this would be one of the worst times for you to buy a vehicle. In a normal market (pre-2020), Auto Loan delinquencies hovered at 2 to 3%. Today, that number is exploding with nearly 1 in every 4 loans in default in Washington DC.” The author of the tweet is Graham Stephan, a young investor and car enthusiast, and he may or may not be right.Read More