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The Atlantis Report, 9/14/23
"This Isn't Just A Car Loan Crisis,
It's A Perfect Storm"
"Do not buy any cars, market crisis continuing into December! As the future is fast approaching, virtually all the automobile manufacturers are experiencing economic problems in the industry. Many automotive dealership owners are now revealing that while high-end vehicle sales are robust, the affordable line is facing a dramatic price increase. Even what were once considered budget-friendly, older vehicles now command an average price of $9,000, which is far from a buyer's market.
Recent reports from automotive finance experts highlight the industry's excess inventory problem. Dealerships are not merely dealing with high inventory levels; they are completely overwhelmed by them. This poses a significant challenge for manufacturers as they grapple with what to do about this mounting surplus. It's highly likely we can now expect substantial discounts in the very near future. A vehicle sale extravaganza is on the horizon, unlike anything we've seen before, and it's coming by the end of December."
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