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“These repossessions are occurring on people who could afford that $500 or $600 a month payment two years ago, but now everything else in their life is more expensive,” said Ivan Drury, director of insights at car buying website Edmunds. “That’s where we’re starting to see the repossessions happen because it’s just everything else starting to pin you down.”

If you're spending more on rent, gas, and food then sure 500 a month is a lot of car payment for some people.

Myself, I've been waiting for this moment. I'll be in the market for a nicely priced low mileage used vehicle.

https://archive.vn/jZz4i

>“These repossessions are occurring on people who could afford that $500 or $600 a month payment two years ago, but now everything else in their life is more expensive,” said Ivan Drury, director of insights at car buying website Edmunds. “That’s where we’re starting to see the repossessions happen because it’s just everything else starting to pin you down.” If you're spending more on rent, gas, and food then sure 500 a month is a lot of car payment for some people. Myself, I've been waiting for this moment. I'll be in the market for a nicely priced low mileage used vehicle. https://archive.vn/jZz4i

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[–] • 0 pt

Maybe you don't understand how mass repos and people unable to afford loans will change the market.

[–] • 0 pt

Maybe I guess. I'm not too sure this is real. It's from NBC. It's like the (((study))) saying most women support (((abortion))) etc.

[–] • 0 pt

We rightly should be hesitant to believe (((MSM))). However this story has various sources. explains it from a different angle. Cathie Wood and Elon Musk's comments are obviously biased but they are there for what they are worth too.