Speaking of “new” cars……..bleh, I’m going to have to find a new cheapcommuter soon, after the permanent move and settle in. Started “window shopping “ just to get a feel, and man oh man reality sucks
I am not saying all is well. I am just asking for clarification on what your "statistic" actually means. Is it a good thing? No. What I am asking is how bad is it, but you apparently don't actually have a decent statistic. You just regurgitated some attention-grabbing headline without understanding what it means.
50 million Americans were late/missed a payment last month. Either mortgage, car pymt. or CC. Let's go Brandon.
No. Payment delinquency rates of subprime buyers are at a 30ish year high. Source Actual repossessions are below 2019 levels. Source
Americans are doing it to themselves. No one forces anyone to buy shit. Outside of groceries and housing the rest is all pretty much optional.
More people, more trinkets sold, more profits. But it's an easy line for agenda purposes, even if it is entirely meaningless. For instance, "Big Pharma had record profits last year, Pfizer leading the way." No, wait. Can't talk about that one. Oh yeah, "Big Oil is Da Debbil and they make too much monies!"
I keep laughting that Im getting offers on my 2019 Colorado above what I paid ( Imma drive it till the wheels fall off) . Yet I got reamed on my wifes 2023 Kia Telluride paying sticker, at least we got way over value for her Hyundai Sonata trade in, but we bought at a bad time for new car sales, and good time for trade ins.
What?!?! Surely you mean that the Reaganomics theory of trickle down profits is running WILD....right?
I miss-quoted Todd Snider recently myself here on the 'beeb, when I said 98%. He wrote: "They say sixty-five percent of all statistics are made up right there on the spot"