Honestly, it brings me great joy to see these flippers getting burned. In recent months, half the vehicles listed on sites like Cars & Bids have been by flippers trying to gouge others.  Now those tables are turning.  Karma wins every time.  Hope they all lose their shirts, they are no better than scalpers. 

“In related news, American consumers are absolute morons... Let’s go to Phyllis Krinkly at the 2nd Street soup kitchen to talk with a man who just paid $155,000 for a 2023 Dodge RAM TRX after rolling in more than $60,000 he still owed on his 1-year old Ford Raptor. Phyllis?”

Oooohh! It has a red “S” “GR” on the back. And look; a, a, a, spoiler! And swoopy rocker panels for ground effects! And, not one but, two fart cans! I’ll give you all my money!

As good as this car is, it is not worth $48K, sorry.

Good. Fuck this guy 

Yeah, that award is completely ludicrous and should be chopped down by 99% (17 million award is more in line)

Was hoping I wasn’t the only one who thought that penalty was insanely high on a truck 10+ years past it’s warranty end date.... 

1st.Gear, Ford shares are also down because of a $1.7 billion product liability verdict from a Georgia jury on a 20 year old truck after some octogenarian driver got a flat tire on the highway and lost control, killing himself and his elderly wife.

The transmission is an automatic (pun intended) $10K discount vs. a 6-speed car.  I believe that’s having an impact here.

If I’m joining the Porsche family I’d rather spend my money on a stock car that I can get serviced more widely – even if it’s not as fast. I mean, I’m going to stuff that back end into a median eventually, anyway.

55K will get you a newer 911 with round headlights. It won’t have 500 hp, but since that’s at least 200 more than I would ever be able to make use of, I’m going ND.

Correlation is not causation.

Repos are low because, for the first time maybe ever, many of those cars actually have equity in them and there are ways to keep those people in the cars. 

“We aren’t going to “do” anything, that’s not what I said. Lowering inflation will result in higher unemployment.

let me get this straight 1.6 have not paid and 98.4 % have. This is not considered fear tactic clickbait? Sounds like another pandemic

There’s some desperate obsession here with predicting doom. Yes, 2008 was a seminal economic event, but crying wolf every time auto loans blip is insane. The two are not correlated in a meaningful way!

Y’all have predicted 12 of the 0 sub prime auto crisis over the past 7 or so years. Seriously, here’s an article I found, from all the way back in 2015: https://jalopnik.com/equifax-denies-sub-prime-loan-bubble-says-loans-improv-1686526590

I feel like this take has been getting recycled every quarter the last 4-5 years. An economic downturn is bound to happen on a wide scale, but cars are absolute need for most Americans, making it one of the last things to be given up. I’m pretty sure every media out is just making sure to pump out [insert market] is…

Exactly. In 2008 it was reckless investment banks that had overleveraged themselves through pure greed to a magnitude that they would have collapsed the financial system, via the insolvency of their insurers, so they all got bailed out. Today’s crisis is a result of too many overextended households getting caught up…

I swear I’ve read articles of this same headline from this same site for the last 4+ years