EXPOSED: The Crumbling Used Car Market

"if interest rates stay higher for longer that is going to cool down demand and that is going to continue to put pressure on dealerships to then lower the prices of their cars"

"if you start to see interest rates go lower because the Federal Reserve Bank starts cutting interest rates to stimulate the economy which they said they want to do in 2024 well then that could create more boost for people to want to go out and buy cars and if you start to see demand rise well then that could stabilize the car market and that could cause car prices to rise in 2024 faster than expected"

"if the Federal Reserve Bank keeps interest rates higher than expected for longer expect that to hurt car prices"

"if you go out and you finance a new car tomorrow and used car prices continue to drop you are more likely to be underwater on your car in the future because car prices might continue dropping"