Another disturbing sign has popped up to signal that the economy is in serious trouble and we could be looking at one of the worst economic crises of our lifetime!
Less than a year ago, car lots were completely devout of new vehicles. People were buying them as fast as the dealerships could get them on site.
All of that seems to have changed now. Dealerships are overflowing with cars and they can’t seem to find buyers!
Inflation has hit the vehicle market HARD. Since 2019, the average price of a new vehicle has jumped from $32,500 to $47,000!
Now with rates rising in order to TRY and combat inflation, that jump is even more noticeable. Average payments for a new car have shot up roughly 60% in that time, but here’s the kicker: wages have only increased 10%!
The numbers don’t add up!
With the price of everything else up – from household goods to the gas you put in that car – it’s become impossible for American families to keep their heads above water and the collapse is imminent!
The dominoes have already begun falling and one major car retailer and subprime auto lender has been forced to close its doors.
American Car Center, which has more than 40 dealerships across 10 states, is the first of many as Americans continue to fall behind on their car payments.
Buckle up folks, the economy is rough now, but we haven’t even seen the half of it yet!
For a better understanding of why things are about to get MUCH WORSE, watch the video here.