ilmscore | The Car Market Is Broken

The Car Market Is Broken

Published: 2025-11-04
Status: Available | Analyzed

Predictions from this Video

Total: 12
Correct: 9
Incorrect: 1
Pending: 2
Unrated: 0
Prediction
Topic
Status
In 2025, over 20% of car loans are being issued for a 7-year term, indicating extended financing periods for vehicle purchases.
"What we're seeing is that more than 1 in 5 car loans are now being issued for 7 years."
Car Market Trends
Correct
In August 2025, subprime auto loan delinquency rates (60+ days past due) exceeded 6.4%, reaching an all-time historical high.
"Subprime auto loans that are 60 days or more delinquent have passed 6.4% 4% in August 2025, which is the highest point we have ever seen in history."
Car Loan Delinquencies
Correct
2024 saw the highest number of car repossessions since the 2009 Great Financial Crisis.
"in 2024, we saw the highest number of car repossessions that we have seen since 2009 during the great financial crisis."
Car Repossessions
Correct
The Federal Reserve began cutting interest rates in 2025, with expectations of further cuts in 2026.
"the Federal Reserve Bank has begun cutting interest rates in 2025. And there's been a lot of rumors that more interest rate cuts are coming in 2026"
Interest Rate Policy
Correct
The Trump administration introduced a tax deduction allowing individuals to write off up to $10,000 annually in interest payments on cars with final assembly in the United States.
"you can write off up to $10,000 a year in interest payments on your taxes if you go out and finance a car that's made in the United States, which essentially means final assembly in the United States."
US Auto Industry Support
Incorrect
The next 12 months are predicted to be interesting to observe as current car market shifts unfold.
"it's going to be very interesting to watch what happens over the next 12 months as we start to see these things play out."
Car Market Observation
Pending
Subprime auto loan delinquencies (60+ days past due) surpassed 6.4% in August 2025, reaching a historical high.
"Subprime auto loans that are 60 days or more delinquent have passed 6.4% 4% in August 2025, which is the highest point we have ever seen in history."
Subprime Auto Loans
Correct
The car market will experience significant developments over the next 12 months.
"it's going to be very interesting to watch what happens over the next 12 months as we start to see these things play out."
Car Market
Correct
The Federal Reserve cut interest rates in 2025, and further cuts are expected in 2026, potentially making car financing cheaper.
"The Federal Reserve Bank has begun cutting interest rates in 2025. And there's been a lot of rumors that more interest rate cuts are coming in 2026, which should in theory make financing a car even cheaper."
Interest Rates
Correct
2024 saw the highest number of car repossessions since the 2009 financial crisis.
"in 2024, we saw the highest number of car repossessions that we have seen since 2009 during the great financial crisis."
Car Repossessions
Correct
Over 20% of new car loans are now being issued with a 7-year term.
"more than 1 in 5 car loans are now being issued for 7 years."
Car Loan Terms
Correct
Russia alleges the US is attempting to devalue its $37 trillion national debt using stablecoins, cryptocurrency, and gold.
"Russia accused the United States of trying to devalue its $ 37 trillion of national debt without informing the American people. How? By using stable coins, crypto, and gold."
US National Debt
Pending