Car Prices are CRASHING (another 2023 recession warning)

Data from Cox Automotive shows that used car prices had nearly their biggest monthly decline on record in June and are now down 10% from their peak in 2022.

This decline in used car prices is occurring because demand is way down and car loan interest rates are way up. Subprime borrowers on car loans are now being forced to pay 15-20% in interest.

Don't be surprised if car prices keep declining in the second half of 2023 as the recession gets worse.

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