Looming Automotive Recession? 5 Predictions For The Car Market In 2023
Looming Automotive Recession? 5 Predictions For The Car Market In 2023
With interest rates rising and demand falling, the automotive industry is quickly trending towards a recession, or at the very least a correction. The last 3 months have begun a steep decline in used car values, but we’ve also witnessed the demise of Carvana and Vroom. Now with CarMax and CarGurus reeling from the lack of car shoppers in the market to buy, 2023 is shaping up to be a volatile year, possibly being the worst we’ve seen since 2008/2009. In this video I give my 5 prediction for 2023 and what to look for as a car shopper.
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I finally saved enough to buy a 1 or 2 year old 4runner TRD Pro. But idk 🤷♂️ if paying 55k is smart to do right now… maybe they’ll come down in price 🤔
carmax can go f themselves
Great review as always! We can only hope for more good news! Happy New Year!
Dealers need to stop gouging customers by charging outrageous prices over MSRP. You have to be desperate or stupid to play their game.
I’ll not sure if location plays a role but I’m here in South Florida. I have been eyeing an X3 M 2020 or 21 since the beginning of the year and priced hasn’t dropped as much as the consensus anticipated. So I will continue to look around for great deals. Thanks for the video