ilmscore | Car Prices Are About To Crash | WAIT To Buy

Car Prices Are About To Crash | WAIT To Buy

Published: 2023-09-29
Status: Available | Analyzed

Predictions from this Video

Total: 8
Correct: 0
Incorrect: 0
Pending: 8
Unrated: 0
Prediction
Topic
Status
In 2024, economy cars will no longer be available under $20,000, with base models starting around $22,000-$23,000.
"as of uh this year 2024 the next model year there are going to be no economy cars under 20 000 everything's gonna be twenty two to twenty three thousand dollars"
Car Prices
Pending
The current car market conditions are unsustainable and a breaking point is imminent.
"something's about to break there we can't kick the can any further down the road"
Car Market
Pending
The decline of independent car dealerships will lead to a worsening car market.
"it's going to get worse as more unfortunately independent dealers go away"
Car Market
Pending
As a recession approaches, consumers will shift from buying $60,000 cars to purchasing vehicles in the $10,000-$30,000 range.
"and a lot of Americans you know as we go into recession they don't want to buy a sixty thousand dollar car they want to buy maybe a 10 to 25 to maybe a 30 000 car"
Car Market
Pending
The current car market situation is a significant crisis that will impact everyone broadly.
"this is an actual crisis it's not something that's small it's going to affect everybody across the board"
Car Market
Pending
Individuals with high interest car loans should refinance immediately as interest rates are predicted to increase.
"if you're in a car and you have a high interest rate try to refinance it now because interest rates are only going to go up"
Car Loans
Pending
Car prices are currently decreasing.
"car prices are dropping"
Car Prices
Pending
Consumers should postpone car purchases unless absolutely necessary.
"do not buy a car unless you absolutely have to"
Car Purchases
Pending