ilmscore | It Started: Car Prices Are Falling 50%

It Started: Car Prices Are Falling 50%

Published: 2022-11-14
Status: Available | Analyzed

Predictions from this Video

Total: 5
Correct: 0
Incorrect: 0
Pending: 5
Unrated: 0
Prediction
Topic
Status
KPMG predicts a 30% drop in used car prices due to increased supply.
"KPMG predicts that used car prices could drop 30 percent as more Supply hits the market."
Used Car Prices
Pending
Ally Financial forecasts a 20% decline in used car prices over the next 12 months.
"Ally Financial believes that we're in for a 20 decline throughout the next 12 months."
Used Car Prices
Pending
Auto manufacturers are expected to reduce production to manage inventory levels as car prices decline.
"auto manufacturers may very well scale back on their production to keep their inventory from falling too far"
Car Manufacturers' Production
Pending
Increased oversight is expected for auto loans due to their current poor regulation.
"I would expect more oversight to be given to auto loans which for the most part are very poorly regulated"
Auto Loan Regulation
Pending
Expect stricter income and credit requirements for auto loans, with increased verification of the car's value.
"This would likely result in stricter income and credit require environments as well as a verification that the car is actually worth the price that the buyer is willing to pay"
Auto Loan Requirements
Pending