Well, when dealerships & banks want nearly $100K for a truck w/monthly payments of approximately $1,000 & a trade-in…some folks find that discouraging 😅
When they lower prices demand will return. If they cannot? Oh, well 🤷🏾♂️
Shocking Drop In Auto Loans Results In Weakest Consumer Credit Print Since 2020
From ZeroHedge
Last month, when both revolving credit (i.e., credit card debt) and interest charged on credit cards hit a record high, we said that this trajectory was unsustainable and it was only a matter of time before the debt-funded US consumer hit a […]
Jul 10th 2023 3:41pm EDT
Source Link: https://www.zerohedge.com/economics/shocking-drop-auto-loans-results-weakest-consumer-credit-print-2020
Internet Archive Link: https://web.archive.org/web/20230710201242/https://www.zerohedge.com/economics/shocking-drop-auto-loans-results-weakest-consumer-credit-print-2020
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