Used Car Bubble 2024. Even though the vehicle selling price was $40,000, you likely financed more. Let’s look at the data.
What it means for the economy. Let’s look at the data.
What It Means For The Economy.
There's a troubling situation spreading among car owners that could portend an implosion of the used car.
Even Though The Vehicle Selling Price Was $40,000, You Likely Financed More.
If you bought a $40,000 car and it depreciates 20%, it’s worth $32,000 after one year.
Experts Warn That The Market Bubble For Used Cars Might Explode In The Coming.
Images References :
Here Are Three Signs That The Used Car Market Crash Is Coming.
The overall used car market posted a 4% drop during that.
If You Bought A $40,000 Car And It Depreciates 20%, It’s Worth $32,000 After One Year.
Apr 26, 2024, 04:11pm edt.