​Nearly 40% Of Cars Financed Since 2022 Are Underwater – Tyler Durden

Nearly 40% Of Cars Financed Since 2022 Are Underwater The delayed day of reckoning has arrived for millions of Americans who purchased vehicles during the pandemic auto boom. Many are now finding themselves trapped in a shitstorm of negative equity and burdened by costly monthly payments, all while low- and mid-tier consumers face mounting financial strain amid elevated inflation and high interest rates. Before we dive into the new auto data, let’s revisit our latest coverage of the slow-rolling auto crisis: July 2022: Are We Headed For An “Auto Loan Crisis” As Delinquencies Begin To Rise? December 2022: Perfect Storm Arrives: “Massive Wave” Of…  — Continue at ZeroHedge News : Read More