Name: The 2022 Used Car Apocalypse | Videos | Gan Jing World
Uploaded: 2023-02-25T03:20:34.013Z
Duration: 8 min
Description: Luck Lopez Channel https://www.youtube.com/c/AutomotiveLifeTV Link to Repo Article https://news3lv.com/news/local/repossession-surge-looming-as-some-new-car-... | Videos | Gan Jing World

MHFIN

https://video2-us-west.cloudokyo.cloud/video/v5/d1/9d/5f/d19d5f22-2625-47a3-ba50-71177db53ed9/master.m3u8

Luck Lopez Channel 
https://www.youtube.com/c/AutomotiveLifeTV

Link to Repo Article 
https://news3lv.com/news/local/repossession-surge-looming-as-some-new-car-owners-struggle-to-make-payments-repos-las-vegas-southern-nevada-economy-stimulus-banks-default

Used Car Graph
https://publish.manheim.com/content/dam/consulting/ManheimUsedVehicleValueIndex-LineGraph.png

Following March 2020, something specular happened to the used car market. What was always one of the worst financial decisions one can make became the investment of the year. Used car prices skyrocketed and for the first time in history, cars appreciated. For example, a used Model S bought in Feb of 2020 on average costs a buyer around $50,000. Today a used Model S will set you back $71,000. A 44% increase. For Americans around the country, this development has made life difficult. A car is essential to American life, and the US drives the most miles per capita in the world. With these wild price increases, the average car payment ballooned to $733 a month. This an insane statistic that captures greed from the top down. But for all of those people who have waited for the market to cool, the time may finally be here. 


Intro 0:00 - 1:00 
Repo's 1:01 - 2:09
Luck Lopez Clip 2:10 - 3:44
Lending Challenges 3:45 - 7:00
Outro 7:01 - 8:00