Quote:
Originally Posted by husker boxster
The bubble has burst. Prices are dropping. Almost half of car loans have people alarmingly under water. Many loans are 90 days late. Repos are up. Used inventory at dealer lots is up (no one is buying their high priced cars). Repos will be flooding the wholesale mkt. Buckle up, the roller coaster is heading down.
I won't be buying a Spyder, however. Something in the works. More on that later as paperwork proceeds. Keep an eye out for that info in my Wheeler Dealer thread.
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I'm not so sure, backlogs for new vehicle deliveries are still so far behind that the repos may just help knock that problem down a bit. While some prices may be dropping, I see that more as a function of gas prices than car values. I could be completely wrong though, it will be interesting to see!
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