We've heard before in these pages from The Economic Ninja on YouTube. He's been active in the car industry for a long time, and has been warning of the growing turmoil in that economic sector. His latest warning is a doozy. It's well worth your time to watch it, particularly if you're considering buying or selling a vehicle in the next few months.
In particular, click over to that video's YouTube page and read the comments from other viewers, especially those who are also in the auto industry. They're eye-opening.
Money quote from the video:
"People ask me all the time, 'When should I buy? When should I buy?' I am not going to be buying until the second - end of second - or third quarter, at least, of 2023. All right? Because you want more of this to shake out, more of it to be in front of the public eye, fewer buyers showing up, car dealers forced to liquidate, all right? So it's going to get gnarly."