The Used Car Market Will Crash

[FC]

Originally Posted by wdc330i

Yes. I have gone through this exercise myself. Because, while fun to have (maybe?), I realize I would hate it as my ONLY vehicle. I wouldn't want it for a highway trip car either, so really pretty useless in my life. And, theoretically pretty dangerous for my teen son to have access to...

Precisely.

[FC]

Originally Posted by robg

It might be good if you had a vacation house (like a ski house) and needed to drive a few miles to get to the mountain/lake/etc.

Agreed. It's nearly the perfect vacation home car. I would love it if they sold super-stripped down versions that cost little or if used values were low. But that the cost that they actually are, it's a lot to sink for little use.

Of course, first one would need the vacation home.

All that said, the new ones (JLs) are a lot better, but I was surprised by how cramped it felt when I drove a friend's in the parking lot.

[SCA]

ARK’s Cathie Wood Predicts Used-Car Bloodbath. Please. https://www.barrons.com/articles/cat...bfgo449gdmdgiu

[Nick M3]

Originally Posted by SCA

ARK’s Cathie Wood Predicts Used-Car Bloodbath. Please. https://www.barrons.com/articles/cat...bfgo449gdmdgiu

It's worth noting that Cathie Woods wrongly predicts bloodbaths so often that I recognize her name.

[SCA]

Originally Posted by Nick M3

It's worth noting that Cathie Woods wrongly predicts bloodbaths so often that I recognize her name.

I was texted the article less than ten minutes ago. Read and passed along here.

[clyde]

Originally Posted by SCA

ARK’s Cathie Wood Predicts Used-Car Bloodbath. Please. https://www.barrons.com/articles/cat...bfgo449gdmdgiu

"Bloodbath"? What a fucking joke.

If all used cars suddenly lost 50% of their value overnight, what would happen? Demand for new cars would drop to what the industry can produce? That's a problem?

Used car owners might be kinda bummed that even if they're upside down, if they could afford the payment before the drop, they ought to be able to afford it after and life will go on just fine for everyone other than those profiting off the very unusual current circumstances.

It's not like the housing bubble of the late 2000s when ARMs adjusted, people couldn't afford the adjusted payments or refinance at higher valuations with more cash out and restarting their ARM clocks.

Sure, some kind of predictable normalcy is likely to reestablish itself at some point and used car values will probably drop considerably (or possibly just stay flat for a very extended period), but how much is the delta between trade-in and replacement going to change? Who is going to be meaningfully harmed other than profiteers?

[clyde]

Originally Posted by Nick M3

It's worth noting that Cathie Woods wrongly predicts bloodbaths so often that I recognize her name.

Seriously...who's blood would it be anyway?

[robg]

Isn't she also the person who is extremely bullish on Tesla ( basically predicting they'll be worth a gazillion dollars one day because of self driving taxis)?

[ZBB]

Originally Posted by robg

Isn't she also the person who is extremely bullish on Tesla ( basically predicting they'll be worth a gazillion dollars one day because of self driving taxis)?

Yep. And her ETF took a nosedive over the last year after she predicted 40%+ returns for many years to come…

[SCA]

Could hot used-vehicle market lead to burns? https://www.autonews.com/used-cars/c...ket-lead-burns