The car market is heating up. If you bought a used car last year, that car has outperformed both the S&P 500 and the U.S. housing market. Since the beginning of 2021, the price of the average used car is up 35.6% compared to the average home price up 21.3% and the S&P 500 up around 5%. This video should give you an entire picture of what’s going on with the car market in 2022.
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References:
https://www.barrons.com/articles/recession-cars-bank-repos-51657316562
https://www.cargurus.com/Cars/price-trends/
https://fred.stlouisfed.org/series/ASPUS
https://www.federalreserve.gov/econres/notes/feds-notes/delinquency-rates-and-the-missing-originations-in-the-auto-loan-market-20220211.htm
https://www.autoblog.com/2022/02/15/car-buyers-paying-over-msrp/
http://uscode.house.gov/statutes/pl/111/203.pdf
https://www.lendingtree.com/auto/debt-statistics/#autoloandebt
https://www.finder.com/car-loan-statistics
https://www.outsidefinancial.com/auto-loan-markup-index
https://www.coxautoinc.com/market-insights/may-2022-vai/
https://www.semiconductors.org/chipmakers-are-ramping-up-production-to-address-semiconductor-shortage-heres-why-that-takes-time/
https://fred.stlouisfed.org/series/AUINSA
https://publish.manheim.com/en/services/consulting/used-vehicle-value-index.html
https://fred.stlouisfed.org/series/STDSAUTO
https://www.cargurus.com/Cars/price-trends/
https://www.lendingtree.com/auto/debt-statistics/
https://www.foxbusiness.com/lifestyle/ford-car-loan-delinquencies
https://www.barrons.com/articles/recession-cars-bank-repos-51657316562
https://www.nbcnews.com/business/auto-industry-interest-rate-hike-could-spur-billions-in-losses-rcna13710
https://www.iseecars.com/best-times-to-buy-cars-study
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