After seeing a huge run up the last couple of years, we are going to see a reversal in the prices of used cars.
In this video I discuss how the banks are tightening lending to the subprime market. This really affects the used car market because the majority of used car buyers fit into this category. Since the lending is tightening, this means it will affect demand. At the same time, repo rates are heading up meaning supply will expand.
▶️ 3Speak
