The Great Reset of 2025 has BEGUN! In this video I provide some new stats, facts and figures that prove that while providing the list of vehicles that are selling the worst right now. The Car Market Collapse is underway, the question is... how hard will it fall?Topics I talk through in this video include:
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- Everyone who got taken advantage of during the pandemic inflated pricing is defaulting on their auto loans.
- The national average negative equity is rising at an alarming rate… $7200
- Credit card debt rising…
- Insurance premiums over doubled
- Mortgage & Rent doubled
- Cost of living.. groceries.
- banks seeing record high 30 day delinquencies, 60 day and 90 day
- Worst we’ve seen since the 08-09 recession
- 110-120% LTV… up to 170-180 LTV
- 23% increase in repos
- Inflation was unprecedented
- Banks are clamping down 1/5 loans denied
- Increasing lending requirements… even high credit scores
- Banks are now requiring much more than a high credit score… need money down and proof of come, want to know DTI… proof of residency… references so they can hound your friends when you do to make payments
- Irresponsible lending practices combined with consumers committing fraud have spoiled it for everyone.
- — insurance fraud
- — auto loan fraud etc
- Flooring costs are becoming unbearable for dealers
- Days on market are passing 2019 levels
- Quality has gone down… prices have skyrocketed.
- Outsourcing to cheaper labor countries…
- 42% growth MSRPs
- Insurance premiums have over doubled since 2023. 60% each year.
- $48,405 average new vehicle price
- Interest rates
- 7% New vehicles… 11% Used
- $760 new vehicles payment…
- $525 used vehicle payment
- 1/6 auto loans over $1000
- layoff 9000 jobs worldwide
- Reduce production by 20%
- 50% dealers losing money mont to month
- Honda is merging with Nissan & Mitsubishi
- Payoff won’t be seen until 2030
- Jeep Wrangler 280-300 days
- Ram trucks 460 days on lots
- Lincoln Navigator 262 days on market 9000 units available now
- Hyundai Ioniq 6… No interest in EVs, and little interest in SUVs 6000 units available now
- Land Rover Discovery (269 days in lots)
- Audi Q8 ($85K and up avg) 270 days
- Grand Wagoneer avg price 102k no reputation
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