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The $1.5 TRILLION Auto Loan Industry is COLLAPSING!
We are now witnessing Auto Lenders Panic with Delinquencies soaring.. Add me on insta @ThisisJohnWilliams
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The last two years have been great for car dealerships and car salesmen and women. They have made large commissions from being entrepreneurial and working hard to find a buyer and seller of a car and negotiating the purchase of this car for a commission. Very similar to how real estate agents receive commissions for when they broker a transaction between a buyer and a seller. However this is very different from the perspective that many of the transactions were financed with bank or lender debt. Now these lenders and banking institutions are noticing higher than normal delinquencies on their loan. The big questions is when it comes time to repossess these vehicles and they are put back on the open market for sale, will we see a collapse in prices for automobiles?
We are already seeing prices come down in a big way for used cars however when we have all of these cars that will be put back on the market for sale and less available financing for buyers to buy these cars as lenders will continue tighten their lending requirements. What will this mean for the lender? We could see car prices crash and many of these lenders go out of business due to all of these past due and delinquent loans.
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