ilmscore | Prediction Details
"half of the cars run at the auction today are what's called no sales cars that don't hit the reserve all these repos that are coming in are coming in every week and they're running along with the cars that are going for no Reserve met this is causing a massive snowball and Supply which is going to bring down demand which is going to hopefully lower prices for consumers"
By Andrei Jikh | October 28, 2022 | Pending
From video
Why Dealerships Are NOT Lowering Prices | USED CAR BUBBLE 00:12:28 - 00:12:45
Interpreted Prediction
A significant portion of cars at auction are not meeting their reserve price ('no sales'). This, combined with increasing repossessions, is creating excess supply, which is expected to reduce demand and potentially lower consumer prices.

Prediction Details

Topic
Auto Loan Market

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