Hue & Cry of Car Loan Crisis
on channel: Business Untapped
America has already had significant stock market and housing bubble bursts, but has a car industry bubble burst? It's novel. Indeed, that might seem silly, yet it is exactly what is going on right now. Bloomberg claims that the dominoes have already begun to fall. We talked about the "perfect storm" that was developing for the US car market a few weeks ago. According to Fitch statistics, more People now are unable to pay their vehicle loans than at the height of the Great Recession. Yet it wasn't really a surprise; after all, vehicle loans for millions of struggling Americans were unaffordable due to the highest interest rates in 15 years.
If you found this video beneficial, please share it with your friends!
Consider subscribing to the channel for informational videos about investing, business, the stock market, money management, wealth creation, passive income and other financial topics!
------------------------------------------------
We possess commercial licences for all of the content used in this film, with the exception of bits regarding the topic that were used under fair use, and we edited it entirely. Please contact us through email under the channel's "About" section if you have any complaints or business enquiries.
Subscribe to Business Simplified -
Watch video Hue & Cry of Car Loan Crisis online without registration, duration 08 minute 20 second in high hd quality. This video was added by user Business Untapped 20 March 2023, don't forget to share it with your friends and acquaintances, it has been viewed on our site 81 once and liked it people.