Ogee wrote: Mon Sep 11, 2023 3:49 pm 50% of Americans are priced out of the car market

What does that mean 50% of Americans can't afford to buy a new car???

Ogee wrote: Mon Sep 11, 2023 3:49 pm

New or used, no one has savings anymore and 50% can't make the monthly payments.

Ogee wrote: Mon Sep 11, 2023 4:07 pm New or used, no one has savings anymore and 50% can't make the monthly payments.

Awful to hear does that mean more repos are going to happen??

boytoy wrote: Mon Sep 11, 2023 4:20 pm Awful to hear does that mean more repos are going to happen??

yes, as well as an overall increase in numbers living weekly pay-check to pay-check. I'll post as more data comes through.

Retailers in the US are becoming increasingly nervous and for good reason. Consumers are showing more and stronger signs of running out of spending power. Last year it was hefty price increases this year a combination of headwinds. One of those is flashing a steady and sharp recession signal.