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@TrueSystem2
System2 powers data-driven decisions for investors and others. Check us out at https://t.co/VfOsn8x8TV.













*Via $ALLY, used car prices (3-year old vehicles) are expected to continue declining in 2023 This will only amplify neg. equity in car owners - this is unfavorable (esp those locked in 6-7yr terms) Many depend on trade-ins + new loans to roll over How much further can this go?


Past 10 days have been wild: — Capital One shut off all dealer floorplans (aka inventory lines of credit) — USA Auto Sales shut down 39 dealerships after losing its Ally floor plan — Wells fargo laid-off all its junior Auto loan underwriters and capped future loans Insanity.




