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Why the used car market bubble is on the verge of popping

6 Views· 23 Jul 2022
Wise Phenomenal

Experts warn that the market bubble for used cars might explode in the coming months. Wholesale prices for used cars reportedly increased 44% in November 2021 compared to one year before. CBS News' Tanya Rivero and Elaine Quijano sit down with Lisa Beilfuss Popeo, a senior writer for Barron's, to discuss the used car market, its relation to a rise in car repossessions, and when Americans can expect the market to stabilize.

#news #cars #economy

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