ilmscore | The Car Market Bubble Is Collapsing

The Car Market Bubble Is Collapsing

Published: 2022-07-23
Status: Available | Analyzed

Predictions from this Video

Total: 7
Correct: 0
Incorrect: 0
Pending: 7
Unrated: 0
Prediction
Topic
Status
Car market prices are expected to decrease by approximately 20%.
"as the market starts to dip we're expecting about a 20 decrease"
Car Market Prices
Pending
The car market is predicted to stabilize with falling prices and increased new vehicle flow within 6 to 8 months.
"it's going to be within six to eight months is the market's going to stabilize prices are going to come down and the flow of new vehicles are going to hit the market it should stabilize quite a bit"
Car Market Stabilization
Pending
The car market is estimated to recover by the end of 2022, or at the latest, by 2023.
"and i've seen estimates that say that it'll recover by the end of 2022 or maybe as late as 2023."
Car Market Recovery Timeline
Pending
The repo rate has nearly doubled from 2.1% to 4% compared to the previous year.
"since last year the repo rate has almost doubled from 2.1 percent to 4"
Repo Rates
Pending
Car affordability is no longer feasible for many consumers.
"the affordability of these vehicles is no longer feasible"
Car Affordability
Pending
The current state of the car market leads some to believe it is in a bubble.
"leading some people to believe that the car market is in a bubble"
Car Market Bubble
Pending
There is a high probability of being in a recession, with confirmation expected on July 28th at 8:30 AM upon the BEA's release of the second quarter advance estimate.
"which means there's a good chance we're already in a recession and we're about to find out next week on july 28th at 8:30 a.m when the bea releases the second quarter advance estimate"
Recession Prediction
Pending