ilmscore | The Car Loan Bubble Just Popped

The Car Loan Bubble Just Popped

Published: 2023-10-27
Status: Available | Analyzed

Predictions from this Video

Total: 10
Correct: 0
Incorrect: 0
Pending: 10
Unrated: 0
Prediction
Topic
Status
Nearly all used car prices are expected to continue dropping.
"you'll see is that nearly all used cars are beginning to drop in price"
Car Prices
Pending
It is impossible to predict interest rates in 2024 or 2025.
"it is impossible to predict where interest rates are going to be in 2024 or 2025"
Interest Rates
Pending
Consumers who financed cars may become underwater on their loans if car prices continue to drop.
"you are more likely to be underwater on your car in the future because car prices might continue dropping"
Car Loans
Pending
If economic pain increases, people may start selling off cars.
"if we see more economic pain in the future right now people need to sell off some of their payments well then you could see people start to sell off cars"
Economic Pain
Pending
Increased car sales will lead to a larger supply, causing car values to decrease.
"if people start sell off more cars that means cars would lose more value because now you have a bigger influx of supply of cars for sale"
Car Market
Pending
If interest rates do not fall as expected, it will create significant financial issues.
"if interest rates don't fall as fast as a lot of people would like and if that doesn't happen well you can start to see why that creates more and more financial issues for a lot of people"
Car Market
Pending
2023 is not the year to finance a new truck; it's a year to focus on financial education and preparedness.
"2023 is not the year for you to go out and finance a new truck 2023 is the year for you to get financially smart build your financial education and build your financial preparedness"
Car Ownership
Pending
High interest rates will lead to more economic and car market pain, especially for those who overpaid for cars in 2021 and 2022.
"if interest rates stay high it's going to create more pain in the economy it's going to create more pain in the car market because you had a lot of people that overpaid for cars in 2021 and into 2022"
Car Market
Pending
Consumers being underwater on their car loans or not seeing interest rates drop as expected will cause further pain in the car market.
"if people are underwater on their cars or if people don't see interest rates drop as fast as they would like that's going to create more pain in the car market"
Car Market
Pending
Rising unemployment combined with people being unable to afford their cars will create significant problems.
"if we do see unemployment rise and people are driving around in cars they can no longer afford well you can see where that would be a problem"
Economy
Pending